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Q. 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.24.64
  • (B) Rs.21.85
  • (C) Rs.16
  • (D) Rs.16.80
  • Correct Answer - Option(A)
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