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What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly? ?->(Show Answer!)
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1. What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?





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  • By: guest on 01 Jun 2017 05.46 pm
    C.I. when interest
    compounded yearly     = Rs. 5000 x 1 + 4 x 1 + x 4 100 100 = Rs. 5000 x 26 x 51 25 50 = Rs. 5304. C.I. when interest is
    compounded half-yearly = Rs. 5000 x 1 + 2 3 100 = Rs. 5000 x 51 x 51 x 51 50 50 50 = Rs. 5306.04 Difference = Rs. (5306.04 - 5304) = Rs. 2.04
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