Rs 5000 at 8% per annum compound intrest in the bank.Find the difference between the amounts compounded yearly and half yearly in 2 years

Question

asked Apr 8, 2023 139k views

1 Answer

asked Sep 11, 2021 74.8k views

Felastine asked Sep 11, 2021

8.1k points

1 answer

4 votes

74.8k views

asked Jun 19, 2021 124k views

Rameswar Prasad asked Jun 19, 2021

8.3k points

1 answer

4 votes

124k views

asked Aug 12, 2022 25.1k views

Mortenvp asked Aug 12, 2022

7.3k points

1 answer

2 votes

25.1k views

Jasti · Answer 1 · 2023-04-14T12:25:09+0000

Answer

Rs. 624.32 is the interset

Explanation:

Therefore, the compound interest is Rs. 624.32 on Rs. 5000 if it is compounded half yearly for 1 year 6 months at 8 % per annum.