What is the difference between the compound interests on 10000 for 2 years at 4% per annum compounded annually and half yearly?


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The compound interest on Rs. 1...

Updated On: 27-06-2022

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Answer : Rs. 824.32

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What is the difference between compound interest on 10000 for 2 years at 4% per annum compounded yearly and half yearly?

So, the compound interest on Rs $10000$ in $2$ years at $4%$ per annum being compounded half yearly is $Rs. 824.32$. So, the correct answer is “Option C”.

What is the difference between the compound interests on 10000 for 2 years at 5% per annum compounded annually and half yearly?

∴ Difference between interest compounded yearly and half yearly is Rs. 57.81.

What is the difference between the compound interest on 5000 for 1 year at 4% per annum compounded yearly and half yearly?

Detailed Solution. = Rs. (5000 × 26/25 × 51/50) = Rs. 5304.

What is the compound interest on 10000 for 2 years at 10% per annum?

Compound Interest would be 12100rs.

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