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Find the difference between the simple interest and compound interest on rs.16,000 for 3 years at 5% per annum, compound interest being reckoned half




The simple interest will be 2400 rs
and the compound interest ..half yearly will be...18555.10 rs
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but how did u calculated that answer u told b4??
That is simple ..it is p*r*t/100
so u did 16000*3*5/100 ?
and the CI
The simple interest is rs.2400
the compound interest compounded halfyeary is 203.22
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&see when u get time as 3/2 so at first calculate first for 3years & then for 2years lastly add them both u get the compound interest
but how??
Umm...see the compound interest cannot b less than the simple interest....
and the compound interest...when recurred half year
just cannot be less than the simple interest
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