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.16.80
B. Rs.21.85
C. Rs.16
D. Rs.24.64
Answer:D
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.16.80 B. Rs.21.85 C. Rs.16 D. Rs.24.64