Thursday
October 23, 2014

Homework Help: math

Posted by fatima on Saturday, December 7, 2013 at 5:54am.

Ali needs to borrow Rs 500,000 for three years. Which of the following option is more beneficial for him?
(i) 3.2 % simple interest rate
(ii) 1.6% compound interest rate when it is compounded semi annually

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