Mathematics · Compound Interest
What is the difference between the compound interests on Rs. 15,000 at 8% per annum for 1 12 years when interest is compounded semi-annually and when it is compounded annually? (Rounded off to the nearest rupee)
- 1Rs. 30
- 2Rs. 28
- 3Rs. 20
- 4Rs. 25✓
Correct answer
Rs. 25
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