Question

find the difference between compound interest yearly and half yearly on rs 5000 time 1 year and rate 10%​

Answer 1

Answer

Correct option is

A

Rs. 2.04

C.I yearly

Principal=5000 Rs.

Time =1.5 years

Interest rate=4 %

Amount=5000(1+

100

4

)(1+

100

2

)

⇒5000×

100

104

×

100

102

⇒5304Rs.

Then C.I=5304−5000=304Rs.

C.I.half yearly

Principal=5000 Rs

Time=1.5 years=3 quarter

Rate =4%

Amount=5000(1+

100

2

)(1+

100

2

)(1+

100

2

)

⇒5000×

100

102

×

100

102

100

102

⇒5306.40

Then C.I=5306.40−5000=306.04

Diference between C.I.=306.04−304=2.04Rs.