in yearly(1.5 yr or 1yr+1/2yr) 5000+5000*4%+5200*4%*0.5=5304 in half yearly 5000+5000*2%+5100*2%+5202*2%=5306.04 so difference Show
5306.04-5305=2.04 Discussion :: Compound Interest - General Questions (Q.No.4)
What is the difference between the compound interest on 5000 for 1 and half years at 4 per annum?Detailed Solution
= Rs. (5000 × 26/25 × 51/50) = Rs. 5304.
What is the difference between the compound interests on Rs 5000 for 1 years at 4% per annum compounded yearly and half5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly? total amount after 1 ½ years when interest is compounded yearly. = 5304 Rs. so, compound interest = 5304 - 5000 = 304 Rs.
What is the difference between compound interest on Rs 5000 for 12 years at 4% per annum the interest is compounded yearly and halfAnnual basis interest will be=1.02(5000×1.04)-5000=304. So difference is 2.04 Rs.
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