John took a loan of ¹ 8000 from a bank. If the rate of interest is 10% per annum,
find the difference in amounts he would be paying after 1½ years if the rate of interest is
(i) compounded annually and (ii) compounded half-yearly.
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the interest of one year will be 8 hundred rupees therefore for 6 month the interest will be for hundred rupees ie 800+400 ≈ 1200
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