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 112 years if the interest is
i. compounded annually and
ii. compounded half-yearly

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Pawan Prajapati · Answer

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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 112 years if the interest is i. compounded annually and ii. compounded half-yearly

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 112 years if the interest is
i. compounded annually and
ii. compounded half-yearly

1 Answers

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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 112 years if the interest is i. compounded annually and ii. compounded half-yearly

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 112 years if the interest is i. compounded annually and ii. compounded half-yearly

1 Answers

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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 112 years if the interest is
i. compounded annually and
ii. compounded half-yearly