English, asked by rupa21631, 7 months ago


7. Find the difference between the simple interest and compound interest on 16,000
3/2years at 5%
per annum, compound interest being reckoned half yearly​

Answers

Answered by Anonymous
0

Answer:

sp 5600

cp 8000

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Answered by mani639055
2

Answer:

30. 25

Explanation:

si = (p×r×t)/100

SI = (16000×5×3)/100×2

SI=1200

A=P(1+r/100×2)^3

A=16000 (1+5/200)^3

A=16000 (41/40)^3

A=16000×41/40×41/40×41/40

A=17230.25

CI = A-P

CI = 17230.25-16000

CI = 1230.25

difference = CI - SI

1230.25-1200

30.25

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