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Arif took a loan of Rs 80,000 from a ban...

Arif took a loan of Rs 80,000 from a bank. If the rate of interest is 10% per annum, find the difference in amounts he would be paying after `(1) 1/2` years if the interest is (i) compounded annually. (ii) compounded half yearly.

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To solve the problem step by step, we will calculate the amount Arif would pay after 1.5 years under two different compounding methods: compounded annually and compounded half-yearly. We will then find the difference between the two amounts. ### Step 1: Calculate the amount for compounded annually 1. **Identify the given values:** - Principal (P) = Rs 80,000 - Rate of interest (R) = 10% per annum - Time (T) = 1.5 years ...
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