find the difference between compound interest and simple interest on the sum of rupees 64000 20% per annum compounded semi annually for 1 and half years. can someone tell me the ans for this
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Answer:33792
Step-by-step explanation:
Amount =P(1+R/100)^T
=64000(1+20/100)^1.5
Since it is halfyearly we should double the time
=64000(1+20/100)^3
Amount =Rs.110592
CI =110592 - 64000
Rs.46592
Simple Interest= PTR/100
=Rs.12800
Difference =Rs.33792
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