Mathematics · Compound Interest
On a certain sum, the difference between compound interest and simple interest for 2 years at 10% per annum, compounded annually, is Rs. 64. If the interest is compounded half-yearly, then the difference between the two interests for the same period is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 99.24✓
- 2Rs. 96.25
- 3Rs. 95.25
- 4Rs. 98.50
Correct answer
Rs. 99.24
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