Find the difference between the simple interest and the compound interest payable annually on a sum of Rs.6,500 at 7% per annum for 3 years. (Correct to two decimal places.) a) 90.90 b) 97.78 c) 92.50 d) 88.80 Sol: 6500×7/100=455 455×7/100=31.85 31.85×7/100=2.295 ...
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