Question

Puneet took 2,20,000 from his friend Ramneet at the
rate of 12% p.a. compounded annually for 2 years
1
2
and gave this money to this friend Rajesh at same rate
for same time but compounded half-yearly.
Find the earning of Puneet in this transaction.​

Answer 1

Rate = 12% PA compounded half yearly = (12/2) = 6% PA