Question

The compound interest earned on 30000 at 20% per annum forl- year compounded half-yearly is
how much more than the simple interest earned on the same amount with the same rate of interest for the
same period ?​

Answer 1

Answer:

With compound interest, the interest that you earn increases with the increase in your investment (monthly/quarterly/semi-annual/or annual investment plus the interest that you are earning on this investment). This calculator will help you calculate the worth of your investment after a set number of monthly investments or even a single, initial investment, based on the interest accrued on the invested amount.