Question

What is the difference between the compound interests on Rs. 5000 for 15 years at 4% per annum compounded
yearly and half-yearly?
A. Rs. 2.04
B. Rs. 3.06
C. Rs. 4.80
D. Rs. 8.30​

Answer 1

Answer:

while solving the equation we get that the answer of compound interest of half yearly is A) Rs.2.04