Math, asked by rushali0verma, 1 year ago

find the difference between the simple interest and compound interest on rs.16,000 for 3 years at 5% per annum, compound interest being reckoned half yearly?

Answers

Answered by alisha

the simple interest is rs.2400
the compound interest compounded halfyeary is 203.22

rushali0verma: but answer is 30.25

Vghai: May I pls noe how did u calculate the compound interest

alisha: &see when u get time as 3/2 so at first calculate first for 3years & then for 2years lastly add them both u get the compound interest

rushali0verma: but how??

Vghai: Umm...see the compound interest cannot b less than the simple interest....

Vghai: and the compound interest...when recurred half year

Vghai: just cannot be less than the simple interest

Previous Question

Next Question