Question

Arif took a loan of rupees 80000 from a bank at the rate of interest is 10% per annum find the difference amount he would be paying after one and half year if the interest is compounded annually and compounded half yearly

Answer 1

For CI, when compounded annually
P=Rs.80000
R=10%p.a
T=1×1/2yr
So,A=Rs.80000×(1+10/100)×(1+10×1/2×100)
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answer is rs.110