Question

The difference between compound interest on some

money for 1 - years at 4% p.a. is 1.87 if interest is

calculated compounded half-yearly and quarterly.
Find the sum.
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Answer 1

Answer:

The interest, typically expressed as a percentage, can be either simple or compounded. Simple interest isbased on the principal amount of a loan or deposit. In contrast,compound interest is based on the principal amount and the interestthat accumulates on it in every period.

Answer 2

Answer:

In what time will rs.128000 amount to rs.137842 at 5% p.a.,interest being compounded half-yearly