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Artist 52 [7]
2 years ago
10

Find the different between compound interest payable anually and half anually for a amount Rs14000 at the rate of 12•\•per annum

for 2 yrs.​
Mathematics
1 answer:
Ostrovityanka [42]2 years ago
8 0

Answer:

$113.08

Step-by-step explanation:

The formula for calculating future value:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

m = number of compounding

14,000(1.12)^2 =  17,561.60

14,000 ( 1 + 0.12/2)^(2x2) = 17674.68

Difference :  17674.68 -   17,561.60 = $113.08

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Answer:

Step-by-step explanation:

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