17
Q:
A) Rs. 1.80 | B) Rs. 2.04 |
C) Rs. 3.18 | D) Rs. 4.15 |
Answer: B) Rs. 2.04
Explanation:
Explanation:
Compound Interest for 1 1⁄2 years when interest is compounded yearly = Rs.(5304 - 5000)
Amount after 11⁄2 years when interest is compounded half-yearly
Compound Interest for 1 1⁄2 years when interest is compounded half-yearly = Rs.(5306.04 - 5000)
Difference in the compound interests = (5306.04 - 5000) - (5304 - 5000)= 5306.04 - 5304 = Rs. 2.04