Arun took a loan of Rs.20,000 from a bank. If the rate of interest is 20% per annum, find the difference in amounts he would be paying after 2 1/2 years if the interest is
(i)compounded annually.
(ii)compounded half yearly
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Arun took a loan of Rs.20,000 from a bank. If the rate of interest is 20% per annum, find the difference in amounts he would be paying after 2 1/2 years if the interest
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compound annually your answee
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