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Indian Economy - Understanding the basics of Indian economic system

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The difference SI and CI on Rs.1000 for 1 year at 10%per annum reckoned Half yearly is ?

2

2.5

3

2.4

Explanation:

SI = (1000/100) =100
CI = [1000(1+(5/100))²] – 1000 = 102.5
D = 102.5 – 100 = 2.5

By: Pranav Gupta

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