what is the difference between the compound interest on rs 5000 for 1.5 years compounded yearly and half yearly
Answers
Answered by
0
Answer:
C.I yearly
Principal=5000 Rs.
Time =1.5 years
Interest rate=4 %
Amount=5000(1+
100
4
)(1+
100
2
)
⇒5000×
100
104
×
100
102
⇒5304Rs.
Then C.I=5304−5000=304Rs.
C.I.half yearly
Principal=5000 Rs
Time=1.5 years=3 quarter
Rate =4%
Amount=5000(1+
100
2
)(1+
100
2
)(1+
100
2
)
⇒5000×
100
102
×
100
102
100
102
⇒5306.40
Then C.I=5306.40−5000=306.04
Diference between C.I.=306.04−304=2.04Rs.
Explanation:
Similar questions