Asked by VISHAL

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

Now, if you meant 3 1/2 years, fix it up.
Answered by Musa
compound interest 650 in 5years at 4pac per anum
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