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Find the difference between the simple interest and compound interest on Rs. 2500 for 2 years at 4 % per annum, compound interest being reckoned semi - annually
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Simple Interest
= PRT/100 = 2500*4*2/100 = 200
Compound Interest
=P(1+R/100)^T-P
= 2500(1+2/100)^4-2500
=2706.08-2500
=206.08
Difference=Compound Interest - Simple Interest
=206.08-200
=6.08
Hence S.I = 200
C.I = 206.08
Hope this helps!!
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