Question

8-12) which will earn more interest and how much:- (1)₹6000 Lent At 12% .p.a. compounded annually for 3/2 years (ii) ₹ 6000at 12% p. a. compounded half yearly for3/2 years. ​

Answer 1

Answer:

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Step-by-step explanation:

The compound interest on Rs. 6000 at 10% per annum for one year ,compounded half-yearly is =6000×(1+2×100100)2−6000

=6000×2021×2021−6000

=6615−6000=615.

So the compound interest is Rs. 615.