find the difference between the compound interest on rupees 16000 for one year at 20% per annum when compounded half yearly and quarterly
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principal =16000
rate=12%=10% of half year
time=1year=2half in 1 year
a=p(1+R/100)^2
a=16000(1+10/100)^2
a=16000(10+1/10)^2
a=16000(11/10)^2
a=16000×11/10×11/10
a=160×11/1×11/1
a=160×11×11
a=19360
CI=A-P
CI=19360-16000
CI=3360
rate=12%=10% of half year
time=1year=2half in 1 year
a=p(1+R/100)^2
a=16000(1+10/100)^2
a=16000(10+1/10)^2
a=16000(11/10)^2
a=16000×11/10×11/10
a=160×11/1×11/1
a=160×11×11
a=19360
CI=A-P
CI=19360-16000
CI=3360
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