Find the difference between the simple interest and compound interest on 16000 for 3/2 years at 5 %per annum, compound interest being reckoned half yearly.

Answer 1

16000((1+.05/2)^3 - 1 - .05*3/2) = 30.25

Now, if you meant 3 1/2 years, fix it up.

Answer 2

compound interest 650 in 5years at 4pac per anum