What is the difference between the compound interests on a sum Rs. 10,000 for 1 year at 10%per annum, when compounded yearly and half-yearly
Question
Solution 1
To find the difference between the compound interests when compounded yearly and half-yearly, we first need to calculate the compound interest in both cases.
- When compounded yearly: The formula for compound interest is A = P(1 + r/n)^(nt), where: A = the amount of money accumulated after n years Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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