Giri lent Rs 16000 to Shekhar for 1 1/2 years at 10% per annum interest compounded annually. If the interest was compounded half-yearly, how much more interest would Giri have earned.
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Answered by
5
Answer:
he would have earned 4800 more i.e. 4800+16000
Step-by-step explanation:
* intrest in half year = 10*16000/100 = 1600
* intrest in 1and half years is 4800
* he must have earned Rs4800 extra
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