Question

If annual interest rate falls from 12 to 8 percent per annum, how much more be deposited in an
account to have Rs.600,000 in 5 years, if both rates are compounded semi annually?
​

Answer 1

Answer:

f=600,00

n=5 years

r=12% r=8

p=?

600,000=p(1+8%/2)

p=405,350

600,000=(1+12%./2)

600,000=1.7908p

p=335,050

difference =70,300

please make me as brainlist