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

Question

C.I. when interestcompounded yearly= Rs.5000 x1 +4x1 +x 4100100= Rs.5000 x26x512550= Rs. 5304.C.I. when interest iscompounded half-yearly= Rs.5000 x1 +23100= Rs.5000 x51x51x51505050= Rs. 5306.04Difference = Rs. (5306.04 - 5304) = Rs. 2.04

Accepted Answer

Answer

Rs. 2.04

Answer

Rs. 3.06

Answer

Rs. 4.80

Answer

Rs. 8.30

Question 177: What is the difference between the compound interests on Rs. 5000 for 1years at 4% per annum compounded yearly and half-yearly?