The difference between compound interest and simple interest on a sum for 2 years at 10% per annum,
The difference between compound interest and simple interest on a sum for 2 years at 10% per annum, when the interest is compounded annually is ₹16. If the interest were compounded half-yearly, the difference in two interests would be: [IBPS PO/MT 2016] (a) ₹24.81 (b) ₹26.90 (c) ₹31.61 (d) ₹32.40 (e) None of these If you have any doubt regarding the solution, write it in the comment section and I will reply you within 24 hours. OR Contact me : [email protected]
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