Question: Q3: a) Differentiate between simple interest and compound interest. b) Find the present value of Rs. 4814.07 due at the end of 8 years

Q3: a) Differentiate between simple interest and compound interest. b) Find the

Q3: a) Differentiate between simple interest and compound interest. b) Find the present value of Rs. 4814.07 due at the end of 8 years if money is worth 6% compounded semi-annually.

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