What is the difference between the C.I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?
Q1. What is the difference between the C.I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?
Answer: Rs. 2.04
Explanation: Yearly CI for 1.5 years on Rs. 5000 at 4% = Rs. 304; half-yearly CI = Rs. 306.04. The difference is Rs. 2.04.