Question

find the difference between the compound interest on 5000 for 3/2 year at 4% per annum according as the interest is paid yearly or half yearly​

Answer 1

Answer:

is 2.04

Step-by-step explanation:

C.I. when interest

compounded yearly=rs.[5000*(1+4/100)(1+1/2*4/100)]

= Rs. 5304.

C.I. when interest is

compounded half-yearly=rs.5000(1+2/100)^3

= Rs. 5306.04

Difference = Rs. (5306.04 - 5304) = Rs.2.04