Mathematics · Compound Interest
What is the difference between the compound interest on ₹40,000 at 20% per annum compounded half-yearly and compounded quarterly for a period of one year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 220.25✓
- 2₹ 8,620.25
- 3₹ 8,400
- 4₹ 320.25
Correct answer
₹ 220.25
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