Question

Question No. 2
Chinmay invested Rs. 1000 at 20% for 2 years compounded annually. Had he invested the amount for the same period at the same rate of interest compound half yearly,
how much more/less amount would he receive as compared to earlier investment?​

Answer 1

Answer:

24.1

Step-by-step explanation:

1000*1.2^2=1440

1000*1.1^4=1464.1

difference=24.1