Question

LIR 12. Which will carn more interest and how much? 6000 lent at 12% pa. compounded annually for years. 6000 lent at 12% p.a. compounded half yearly for years. difference between the​

Answer 1

Answer:

60000 is correct answer dear

Answer 2

Answer:

A=6000(1+0.12)^1.5=6000(1.12)^1.5

=7111.78

so interest=1111.78

2) A=6000(1+0.12/2)^3=6000(1.06)^3

=7146.1

so interest=1146.1

so 2nd get more interest