Question

Find the difference between the simple interest and compound in
per annum, compound interest being reckoned half yearly.
​

Answer 1

Step-by-step explanation:

we will take some no. as given

Given : P = 16000, R = 5 % and Time = 3/2 years. P = 16000, R = 2.5 % per half year Because compound interest is being reckoned half yearly and Time 3/2 years or 3 half years.

Answer 2

Step-by-step explanation:

P=16000,R =5%,T =3/2 years R =2.5 per half year bz compound interest is being reckoned half yearly and time 3/2 years or 3 half years.