A person deposited rs16000 in a bank M for two years at 10% compound interest annually. But after one year, the policy of has be
en changed by bank and decided to pay semi-annual compound interest at the same rate. What is the percentage difference between compound interest of the first and second years?
in any y = mx + b formula, b is always the y intercept, and the y intercept is just a fancy name for where the line first crosses the y axis. hope this helps!
