Question

ram took a loan a laonof rs 160000 from a bank if rate of interest is 10% per annum what is the difference between amount he would be paying after 1/1/2 years if interest is
1 compounded annually
2 half yearly​

Answer 1

Answer:

Ramakrishna borrowed Rs. 160000 from Anirudh at 10% per annum simple interest. After 2 years, when Ramakrishna wants to clear the debt, Anirudh insisted Ramakrishna to pay him at compound interest. How much more must Ramakrishna pay ?

Rs. 800

Rs. 1620

Rs. 1600

Rs. 810

Answer :

C

Solution :

Find amount at C.I. -amount at S.I.