Asif took a loan of Rs 80,000 from a. bank .if the rate of interest is 10% per annum ,find the difference in amounts he would be paying after 1 half years if the interest is. 1. compounded annually 2. compounded half yearly
Answers
Answered by
5
simple interest= 12,000
Step-by-step explanation:
interest = principle amount × rate ×time
100
- 80000×10×1.2
100
=12000
Similar questions