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Q:

What sum will give Rs. 488 as the difference between simple interest and compound interest at 10% in $$ 1{1\over2}$$ years compounded half yearly ?

  • 1
    Rs. 80,000
  • 2
    Rs. 72,000
  • 3
    Rs. 64,000
  • 4
    Rs. 68,000
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Answer : 3. "Rs. 64,000"

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