Question

Neeraj lent 65536 for 2 years at 12% per annum, compounded annually. How m
more could he earn if the interest were compounded half-yearly?
at in credited quarterly If the​

Answer 1

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.