The difference between the compound interest and simple interest on a sum for 2 years for 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:

The difference between the compound interest and simple interest on a

1.	The difference between the compound interest and simple interest on a sum for 2 years for 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:
A.	$ 24.81
B.	$ 26.90
C.	$ 31.61
D.	$ 32.40
Answer» B. $ 26.90

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The difference between the compound interest and simple interest on a sum for 2 years for 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:

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