Neeraj lend rs 65536 for 2years at 12 1/2 %p.a. compounded annually. How much more could he earn if the intrest were compounded half yearly.
Answers
Answered by
2
Answer:
We know that A = P(1+r/100)^n
= 65536(1+25/200)^2
= 82944.(Annually)
We know that A = P(1+r/100)^n
= 65536(1+25/400)^4
= 65536(425/400)^4
= 83521.
The amount he earns = 83521 - 82944
= 577.
Step-by-step explanation:
Answered by
1
Answer:
Extra interest earned= Compounded semi-anually - compound anually
Future value (Anually)= 65536(1+0.125)^2=82944
Future value (Semi-anually)= 65536(1+0.125/2)^(2*2)=83521
Extra earned= 83521-82944=577
This might be the answer
Hope that helps :)
Step-by-step explanation:
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