Asked by Bhawana

Find the difference between compound interest payable annually and half annually for a amount Rs 14000 at the rate 12% per annum for 2 years

9 years ago

Answered by Steve

14000(1+.12)^2
vs
14000(1+.12/2)^(2*2)

9 years ago

Answered by Bhawana

Ci=3561.6,half annually compound interest=3674.67

9 years ago

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