Mani took a loan of Rs 1, 60,000 from a finance company. If the rate of interest is 10%
per annum, how much will she pay more if the interest is compounded half yearly instead
of it being compounded yearly for 2 years?
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Step-by-step explanation:
principal=160000, rate=10%, time=2year. 160000×10×2÷100
₹ 32000 ,per half years=8000
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