Question

You are helping out your society to take a loan. They needed a sum of Rs
10,00,000. The maximum time period should be 3 years at rate of 10%p.a. You
should give them options of taking the loan with
1) Simple interest (rate calculated per annum)
II) Compound interest (rate calculated per annum)
III) Compound interest (rate calculated half yearly)
IV) show them the difference between simple interest and compound interest
V) Show them the difference between compound interest calculated yearly and
half yearly
Help them to choose the best option for them, by paying less interest​

Answer 1

Answer:

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