Mathematics · Compound Interest
What is the difference between the compound interest (compounded half-yearly) on Rs. 72,000 for 1.5 years at 10% per annum and the simple interest on the same sum for 3 years at 5% per annum?
- 1Rs. 449
- 2Rs. 540
- 3Rs. 549✓
- 4Rs. 559
Correct answer
Rs. 549
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