A sum of ₹5,000 was deposited for 3 years at 10% per annum

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64

M: +2.00/-0.50

A sum of ₹5,000 was deposited for 3 years at 10% per annum, compounded annually.
The difference between the interest for 2 years and that for 3 years is:

[SSC CHSL 10th June 2022 Shift-2 With Answers]

A

₹506

B

₹605

C

₹560

D

₹650

EXPLANATION

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