The difference between the compound interest and the simple interest on a certain sum for 2 years at 10% per annum, when the interest is compounded annually is rs 28
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The difference between compound interest and simple interest on a sum for two years at 8% per annum, where the interest is compounded annually is Rs.16. if the interest were compounded half yearly , the difference in two interests would be nearly
A) Rs.24.64B) Rs.21.85C) Rs.16D) Rs.16.80
Answer: A) Rs.24.64
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