Arif took a loan of Rs. 80,000 from a bank. If the rate of interest is 10% p. a., find the difference in amounts he would be paying after 11/2 years if the interest is
(i) compounded annually and
(ii) compounded half - yearly.
Capital = 80,000
Rate of interest = 10%
Time = 1
years
i. Amount = ![]()
= ![]()
= 92,400
ii. Amount = ![]()
= ![]()
= 92,610
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