What is the difference between the compound interests on Rs.5000 for 1.5 years at 4% per...

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What is the difference between the compound interests on Rs.5000 for 1.5 years at 4% per annum compounded yearly and half-yearly? 1. Rs. 3.21 2. Rs. 2.37 3. Rs. 3.45 4. Rs. 2.04 5. Rs. 3.60 What is the difference between the compound interests on Rs.5000 for 1.5 years at 4% per annum compounded yearly and half-yearly? 1. Rs. 3.21 2. Rs. 2.37 3. Rs. 3.45 4. Rs. 2.04 5. Rs. 3.60

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Solution 4 As we know that The formula for annual compound inte... View the full answer