Ask a New Question

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

2 answers

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

Ci=3561.6,half annually compound interest=3674.67

Ask a New Question or answer this question.

Similar Questions

1. Find the amount and the compound interest on rs.12800 for 1 year at 15/2%p.a. Componded semi-annually.2.find the amount and
1. 3 answers
Karan took a loan of rs 70000 from a bank. If the rate of interest is 10%per annum find difference in amount he would be paying
1. 2 answers
A sum of money lent at compound interest for 2 years at 20% per annum would fetch 482 more, if the interest was payable half
1. 1 answer
Summer money lant a sum of money land at compound interest for 2 years at 20% per annum would fetch 482 more if the interest was
1. 1 answer

more similar questions