Rs 5000 at 8% per annum compound intrest in the bank.Find the difference between the amounts compounded yearly and half yearly i
n 2 years
1 answer:
Answer
Rs. 624.32 is the interset
Step-by-step explanation:
Therefore, the compound interest is Rs. 624.32 on Rs. 5000 if it is compounded half yearly for 1 year 6 months at 8 % per annum.
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