find the difference between the compound interest on R. S 6000 for 1 and half years at 4%p.a. when compounded half -yearly and when compounded quarterly. solved by methods
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C.I. half yearly...
6000(1+4/200)^3 (1 year1/2 that is 3/2 but in half year multiply 3/2×2 that is 3)
6000×204×204×204/200/200/20)
Amount is 6367.24
C.I is 367.24.
_________________
C.L quarterly...
6000(1+4/400)^6
6000(404/400)^6
Amount is 6369.12
C.I. is 369.12
________________
C.I. quarterly is greater than compounded half yearly by 1.28
I thin my answer is correct.
_________
Byeeeee
6000(1+4/200)^3 (1 year1/2 that is 3/2 but in half year multiply 3/2×2 that is 3)
6000×204×204×204/200/200/20)
Amount is 6367.24
C.I is 367.24.
_________________
C.L quarterly...
6000(1+4/400)^6
6000(404/400)^6
Amount is 6369.12
C.I. is 369.12
________________
C.I. quarterly is greater than compounded half yearly by 1.28
I thin my answer is correct.
_________
Byeeeee
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