the difference between simple interest and compound interest on rs.500 for 1year at 12.5% per annum is
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Answer:
No difference. For 1 year SI=
500x1x12.5/loo=Rs 62.50
CI
p+l= 500x(I +25/2oo), =5oox225 / 200=562. 50
Cl=562.50-500 = Rs 62.50
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