Find rhe difference between the simple interest and compound interest on 2500 for 2 years at 4℅ per annum compound interest being reckoned semi annually
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C.I amount = 2500(1 + 4/200)^2*2
= ₹2706.08 (approx.)
C.I = ₹ 206.08
S.I = (2500*4*2)/100
= ₹200
Hence, difference = ₹6.08
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