Arif took a loan of Rs 80000 from a bank. If the rate of interest is 10% per annum. Find the difference in amounts he would be paying after 1 1/2 years if the interest is compounded annually and compounded half yearly.
Rs 210 Solution is below
There is 60% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 10000 after 3 years at the same rate (compounded annually)?
What is the absolute difference between simple and compound interests compounded annually on 20000 for 2 years at 5% per annum?
