find the difference between C.I and S.I on rs 5000 for 1 year at 2 percentage p.a, if the interest is compounded half yearly
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Answer:
50 paise
Step-by-step explanation:
rate half yearly r = 2/2 = 1%
t = 1 yr = 2 half yr
difference = pr^2/100^2
=5000(1)^2/100^2 = Rs 0.5 = 50 paise
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