Question

arif took a loan of 80000 from the bank. if the rate of interest is 10 % per annum, find the difference in amounts he would be paying after 3 / 2 years, if the interest is compounded annually and compounded half yearly?

Answer 1

comp half :
2n =3/2×2
=3
p(1+r/100)^*
80000(1+10/100)^3
80000(11/10)^3
80000×11/10× 11/10 ×11/10