Question

Find the difference between compound
interest and simple interest on * 12,000 and
in 1x1/2years at 10% compounded half-yealry.
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Answer 1

Answer:

12000 × 1/2 × 10%

= 6000 × 10 = 60000÷100

= 600

compound interest = 1200

1200 - 600

600.