Mathematics · Interest
The difference between the compound interest and simple interest on a sum for 2 years at 8% per annum, when the interest is compounded annually, is Rs. 32. If the interest were compounded half-yearly, what would be the difference between the two interests?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 145.00
- 249.29✓
- 344.00
- 485.00
Correct answer
49.29
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