Ariftook a loan of 80,000 from a bank. Ifthe rate ofinterest is 10% pe – InterviewSolution

1.	Ariftook a loan of 80,000 from a bank. Ifthe rate ofinterest is 10% per annum, find thedifference in amounts he would be paying after 1 years, if the interest is (i) compoundedannually (ii) compounded half yearly2
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