Question

Aadarsh deposited Rs 4000 at 6 % P.A. compounded interest in a bank. Find the difference between the amounts compounded yearly and half yearly in two years.

Answer 1

Answer:

P= 4000

rate= 6%p.a

time = 2 year

amount = p(1+r/100)^t

= 4000(1+6/100)^2

= 4000×106/100×106/100

= 4494.40 rupees

Step-by-step explanation:

again,

p= 4000

r = 6/2= 3%half yearly

time = 4 half year

amount = 4000(1+3/100)^4

=4000×103/100×103/100×103/100×103/100

= 4502.03 rupees

difference = 4502.03 - 4494.40

= 7.63 rupees

i hope this will help you