CAN SOMEONE HELP WILL GIVE BRAINLIEST.
21. A person deposited Rs. 50,000 in bank 'M' for two
y...
Mathematics, 01.03.2021 19:50 vanenav2003ovf1lz
CAN SOMEONE HELP WILL GIVE BRAINLIEST.
21. A person deposited Rs. 50,000 in bank 'M' for two
years at 10% compound interest annually. 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 compound interests of the first and second
year? Give reason with calculation.
(Ans: Cl of 2nd year is 12.75% more than that of 1st year)
help~help~help
Answers: 1
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