Rahul invested 65,000 and received simple interest at the rate of 7%p.a . after 1 year Find his gain or loss if he had invested the same sum at the same rate for the same time, the interest being compounded half-yearly .
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P=65000 r=7% T=1year
si=P×T×R/100
65000×1×7%/100
6500×1×7/100×100
13×7×1
91
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