Neerja lent 65536 for 2 years at 12 1/2 % per annum compounded annually how much more could he earn if the interest were compounded half yearly
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If interest componded per annum Princopal * (1+r/100)*times
65536*1.125*1.125=82944
If interest componded half yearly
R= 12.5/2=6.25
T= 4 half quarter
=65536*1.0625*1.0625*1.0625*1.0625=83521
Differnce =83521-82944=577
65536*1.125*1.125=82944
If interest componded half yearly
R= 12.5/2=6.25
T= 4 half quarter
=65536*1.0625*1.0625*1.0625*1.0625=83521
Differnce =83521-82944=577
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