Anamika took a loan of rs40000 from a branch of bank. The rate of interest is5% per annum. find the difference in amounts she would be paying after 3/2 years if the interest is compounded annually and compounded half yearly.
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Anamika took a loan of rs40000 from a branch of bank. The rate of interest is5% per annum. find the difference in amounts she would be paying after 3/2 years if the interest is compounded annually and compounded half yearly.
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Answer:
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