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
0
Answer:
sp 5600
cp 8000
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Answered by
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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