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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
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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

User Dino Viehland
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1 Answer

5 votes

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.

User Jasti
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