Question

e) Mohan deposited Rs 5,000 at 8 % p.a. compound interest in a bank. Find the
difference between the amounts compounded yearly and half-yearly in two years.
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Answer 1

p = 5,000

r=8%

t=2yr

a=?

a=p(1+ r/n)

a=5000(1+8/2)²

=5000(9/2) (9/2)

=5000×9×9/2×2

answer =A=101250