in yearly(1.5 yr or 1yr+1/2yr) 5000+5000*4%+5200*4%*0.5=5304 in half yearly 5000+5000*2%+5100*2%+5202*2%=5306.04 so difference
5306.04-5305=2.04
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- The correct option is A(a) Rs. 2.04
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Question 55 . What is the difference between the compound interests on Rs. 5000 for 1 1/2 years at 4 % per annum compounded yearly and half yearly?
Question
A
(a) Rs. 2.04
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B
(b) Rs. 3.06
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C
(c) Rs. 4.80
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D
(d) Rs. 8.30
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Solution
The correct option is A(a) Rs. 2.04
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What is the difference between the compound interest on 5000 for 1 years at 4% per annum compounded yearly and half
Detailed Solution = Rs. (5000 × 26/25 × 51/50) = Rs. 5304.
What is the sum of compound interest on rupees 5000 for 1.5 years at 4% per annum?
C. I=₹ 1655. Q. Find the compound interest on Rs.