Math, asked by lubna4, 1 year ago

somu borrowed Rs 16,000 at 10% per annum from the bank for a period of 2 years. find the difference between simple intrest and compound interest compounded half yearly

Answers

Answered by derounak14

1

Since it is given half yearly so rate%is 5%
SIMPLE INTERES
=16000*10*2/100=3200

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