Question

On a certain sum of money lent out at 16% per annum, the difference between the compound interest formula ese payable half-yearly and the simple interest for 1 year is rs.56. The sum

Answer 1

Answer:

On a certain sum of money lent out at 16% per annum, the difference between the compound interest formula ese payable half-yearly and the simple interest for 1 year is rs.56.