NCFM Financial Markets (Beginners) Practice Questions - NCFM Financial Markets (Beginners) Module Exam

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An investor deposits Rs. 10,000 for 3 years. Option A offers 10% per annum simple interest, while Option B offers 10% per annum compound interest (compounded annually). What is the difference in interest earned between the two options at the end of 3 years?

Rs. 0 Rs. 100 Rs. 310 Rs. 1,000

Correct Answer:

Rs. 310

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