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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 yearly?

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The simple interest will be 2400 rs

and the compound interest ..half yearly will be...18555.10 rs

and the compound interest ..half yearly will be...18555.10 rs

The simple interest is rs.2400

the compound interest compounded halfyeary is 203.22

the compound interest compounded halfyeary is 203.22