Question

compound interest on ₹ 5000 for 1 1/2 years ​

Answer 1

Answer:

Step-by-step explanation:

C.I. when interest

compounded yearly=rs.[5000*(1+4/100)(1+1/2*4/100)]

= Rs. 5304.

C.I. when interest is

compounded half-yearly=rs.5000(1+2/100)^3

= Rs. 5306.04

Difference = Rs. (5306.04 - 5304) = Rs. 2.04