find the difference between the simple interest and compound interest on 2500 for 2 years at 4% per annum, compound interest being reckoned semi - annually
Answers
Answered by
3
ci for 2 year half yearly= (102/100)⁴ -100= 108.243216-100= 8.243216%
and si= 4×2=8%
so difference will be= 0.243216/100×2500= 6.0804
and si= 4×2=8%
so difference will be= 0.243216/100×2500= 6.0804
Similar questions