Q:
What is the difference between the compound interests on Rs. 5000 for years at 4% per annum compounded yearly and half-yearly?
Answer & Explanation
Answer: B) Rs.2.04
Explanation:
C.I. when interest compounded yearly
=Rs.5034
C.I. when interest iscompounded half-yearly
= Rs. 5306.04
Difference = Rs. (5306.04 - 5304) = Rs. 2.04
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