The difference between compound interest and simple interest on a sum – McqOptions

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1.	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
Answer» B. Rs.21.85

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