A person deposited Rs. 60,000 in bank'X' for 2 years
at 10% annual compound interest. But after...
Mathematics, 11.03.2020 11:12 allieeastridge
A person deposited Rs. 60,000 in bank'X' for 2 years
at 10% annual compound interest. But after one year bank has changed the policy and decided to pay semi-annual,
compound interest at the same rate. What is the percentage difference between the compound interests of the first year
and second year? Give reason with calculation.
Answers: 2
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