Question

which will earn more interest and how much? 1) rs.60000 lent at 12% p.a. compound annually for 1 1/2 years. 2) rs.60000 lent at 12% p.a. compound half yearly for 1 1/2 years . ans. is 1) rs.1123.20 2) rs. 1146.10

Answer 1

1) SI = p×r×t/ 100
P = 60000, R = 12%, T = 11/2
60000×12×11/100×2 =39600 ans