Question

Which will earn more interest and how much?
end
? 6000 lent at 12% p.a. compounded annually for 1.5 years.
i * 6000 lent at 12% p.a. compounded half yearly for 1.5 years.​

Answer 1

${❥}\fbox\red{A}\fbox\orange{N}\fbox\purple{S}\fbox\green{W}\fbox\blue{E}\fbox\pink{R}$

Required answer-:

1) A=6000(1+0.12)^1.5=6000(1.12)^1.5

=7111.78

so interest=1111.78

2) A=6000(1+0.12/2)^3=6000(1.06)^3

=7146.1

so interest=1146.1

so 2nd get more interest

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