Question

find the difference between the SI and CI on 32000 for 1 year at 5% p.a. , compound interest being reckoned half yearly​

Answer 1

Answer:

400rs

Step-by-step explanation:

compound intrest calculated half yearly means t=2 years

                                                                                R= 2.5%

SI= 5% of 32000= 1600rs

c.i = 6.25% of 32000=2000  ( c.i for 2 years at 2.5%=6.25%)

difference= 2000-1600=400rs

hope you like it

mark as brainliest answer