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What is the difference between the compound interests on 10000 for 2 years at 20% per annum compounded yearly and half yearly?∴ Difference between interest compounded yearly and half yearly is Rs. 57.81.
What is the difference between the compound interest on Rs 10000 for 2 years?10,000 for two years is Rs. 64 at the same rate of interest per annum.
What is the difference between the compound interests on Rs 10000 for 2 years at 4% per annum compounded?= ₹(10824.32 - 10000) = ₹824.32.
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