find the amount to be paid at the end of 2 years on Rs 2400 at 5% per annum compounded half yearly
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Rate =5/2%
time=2×2= 4 yrs
A=P(1+r/100)n
Amount=2400(1+5/200)4
A=2400(205/200)4
A= rupees 2649.15
time=2×2= 4 yrs
A=P(1+r/100)n
Amount=2400(1+5/200)4
A=2400(205/200)4
A= rupees 2649.15
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hii
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my question is
Find the difference between the compound interest and simple interest for 2 years on rupees 8000 at 6% per annum compounded annually
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