Question

find the difference between the compound interest on rupees 6000for 1 1/2 year at4% when compounded half yearly and when compounded quarterly

Answer 1

Answer:

Step-by-step explanation:

Correct option is A)

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.