Find the difference between compound interest on 120000 rupees for 1year at 20% per annum when compounded half yearly and quarterly
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P=120000,T=1year,R=20%.
Therefore CI=P(1+r/100)^T+1.
CI=120000(1+20/100)^1+1.
CI=120000(100+20/100)^1+1.
CI=120000×120/100+120000.
CI=144000+120000
CI=164000.
i hope it might help u bye.
Therefore CI=P(1+r/100)^T+1.
CI=120000(1+20/100)^1+1.
CI=120000(100+20/100)^1+1.
CI=120000×120/100+120000.
CI=144000+120000
CI=164000.
i hope it might help u bye.
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