Question

What is the difference between the compound interests on Rs. 5000 for 1(1/2) 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: (a).Rs. 2.04

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Q. What is the difference between the compound interests on Rs. 5000 for 1(1/2) years at 4% per annum compounded yearly and half-yearly?

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