DSSSB · Mathematics

A sum of ₹50,000 is invested in two schemes, one scheme offers compound interest at an annual rate of 8% compounded half yearly, and the other scheme offers simple interest at the same rate for the same period. Calculate the difference between compound interest and simple interest after 2 years (rounded off to two decimal places).

  1. ₹476.93
  2. ₹492.93
  3. ₹466.48
  4. ₹448.37
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