Question

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

Answer 1

S.I = 16000×10×2\100= 3200
S.i = 16000-3200=12800
So s.i = 12800.

Answer 2

Answer:

here is the answer hope it helps you