Question

12. Which will earn more interest and how much? i) 6000 lent at 12% p.a. compounded annually for 1 3 years. ii Rs 6000 lent at 12% p.a. compounded half yearly for 3 years.​

Answer 1

Step-by-step explanation:

A=6000(1+0.12)^1.5=6000(1.12)^1.5

=7111.78

so interest=1111.78

2) A=6000(1+0.12/2)^3=6000(1.06)^3

=7146.1

so interest=1146.1

so 2nd get more interest