Question

11, Deepak lends (10,00,000 at 10% p.a.
for 2 years compounded annually. Raj
lends the same amount at the same rate
to be compounded half-yearly. Who will
of interest for the same time but interest
gain more interest and by how much?please show the method not only the answer​

Answer 1

Answer:

half yearly earn more

difference in interest is 5506.25

Step-by-step explanation:

yearly= 1210000. interest is 210000

half yearly=1215506.25 interest is 215506.25

use compound interest farmula