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Mathematics, 25.02.2020 21:25 EllaSue

A person deposited Rs.50,000 in bank “M” for 2 years at the rate of 10% p. a. compound interest compounded anually. But after one year bank has changed the policy and decided to pay semi- annual compound interest at the same rate. What is the percentage difference between compound interests of first and second year.

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A person deposited Rs.50,000 in bank “M” for 2 years at the rate of 10% p. a. compound interest comp...
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