Post a New Question


posted by .

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

  • math -

    since the rates per period are the same, simple interest is less than compound interest.

Answer This Question

First Name
School Subject
Your Answer

Related Questions

More Related Questions

Post a New Question