Mathematics · Compound Interest
What is the difference between the compound interest on Rs. 5,750 for one year at 16% per annum compounded yearly and compounded half-yearly?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 32.58
- 2Rs. 29.50
- 3Rs. 36.80✓
- 4Rs. 49.76
Correct answer
Rs. 36.80
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