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What will be the difference between the compound interest and simple interest on a sum of Rs.100 at 10 % per annum for 2 years?
Question

What will be the difference between the compound interest and simple interest on a sum of Rs.100 at 10 % per annum for 2 years?

A.

Rs.1

B.

Rs.1.50

C.

Rs.0.50

D.

Rs.2

Correct option is A

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