12. Which will earn more interest and how much?
1. 6000 lent at 12% p.a. compounded annually for 12 years.
ii. * 6000 lent at 12% p.a. compounded half yearly for 1
1 years.
If the difference between the comnound intanoat
c
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0
Answer:
...............................
Answered by
0
Step-by-step explanation:
The compound interest on Rs. 6000 at 10% per annum for one year ,compounded half-yearly is =6000×(1+
2×100
100
)
2
−6000
=6000×
20
21
×
20
21
−6000
=6615−6000=615.
So the compound interest is Rs. 615.
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