A person borrows ₹16000 at 3% for one year compounded yearly. He immediately lends this money out at 5% for a year, interest compounded half-yearly. Find the gain in this transaction.
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64000 and the rate of interest is 5% per annum compounded half-yearly, find the interest paid by Abha after one year ...
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p = 16000
r = 3%
CI = p(1+r)
calculate this.
CI' = p(1+r)^1/2
calculate this.
Gain = CI' - CI
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