Question

find the difference between the simple interest on rupees 16000 for 1 1/2 years at 5% per annum and compound interest being compounded half yearly

Answer 1

p=16000
t=11/2
r=5
si=16000*5*11/2*100
=80*5*11
=440
ci
t=11/2=11half years
a=16000(1+5/100)11