What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?
Answer : Option A
Explanation : When compounded yearly,
Student = 200
When compounded half – yearly
r = 2%, n = 2
∴ interest = 202
∴ difference = 202 – 200 = 2
Rate This:
NaN / 5 - 1 votes
