Question

Find the difference between the compound inter interest on rupees 160000 for 1 year at 20% per annum when compounded half yearly and quarterly

Answer 1

Compute the amount and the compound interest in each of the following by using the formulae when:
(i) Principal = Rs 3000, Rate = 5%, Time = 2 years
(ii) Principal = Rs 3000, Rate =18%, Time = 2 years
(iii) Principal = Rs 5000, Rate = 10 paise per rupee per annum, Time = 2 years
(iv) Principal = Rs 2000, Rate = 4 paise per rupee per annum, Time = 3 years
(v) Principal = Rs 12800, Rate = 712%, Time = 3 years
(vi) Principal =Rs 10000, Rate 20% per annum compounded half-yearly, Time = 2 years
(vii) Principal = Rs 160000, Rate =10 paise per rupee per annum compounded half-yearly, Time = 2 years.