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Answer» Case 1Given : P = Rs. 16000, R = 5 %, T = 3/2 yearsSimple Interest = (P*R*T)/100= (16000*5*3)/(2*100)Simple Interest = Rs. 1200Case 2Compound InterestGiven : P = Rs. 16000, R = 5 % per annum and compounded half yearly so, rate of interest = 2.5 %T = 3/2 years = 1 year and one half year = 3 half yearsA = P (1 +r/100)ⁿ= 16000 (1 + 2.5/100)³= 16000× 102.5/100× 102.5/100× 102.5/100A = Rs. 17230.25So, compound interest = 17230.25 - 16000 = Rs. 1230.25 Difference between compound interest and simple interest = 1230.25 - 1200 = Rs 30.25 thanku |
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