Anamika took a loan of Rs.40,000 from a branch of a bank. The rate of interest is 5% per annum. Find the difference in amount she would be paying after 1½ years if the interest is compounded annually and compounded half-yearly.
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f Rs.40,000 from a branch of a bank. The rate of interest is 5% per annum.
So 5% of 40,000 is 2000
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