Sita deposited rs. 5,000 at 10% simple interest for 2 years. How much more money will sita have in her account at the end of two years. If it is compounded semiannually.
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Answer:
Rate = 10%
Time = 2years
Principal = 5000
S.I = PRT/100
5000×10× 2/100 = 1000
CI = 5000[ ( 1+ (5/100)^4-1]
C.I = 1077.5
Differences = 1077.5 -1000 = 77.5
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