Mathematics
20.01.2021 09:38
140
304
4
Solved by an expert
A person deposited rs80000 in bank p for 2 years at the rate of 10%p.a compounded
A person deposited rs80000 in bank p for 2 years at the rate of 10%p.a compounded 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 interest of the first year and second year?
Show Answers
egyptforrest9892
4,6(54 marks)
5%Step-by-step explanation:The amount is compounded annually for the first year, which means it compounds 10% every year. However, when the bank changes the policy, "semi annual compound" means it's going to compound every six months. Which is just half of the original, it's just divided by 2.
Sorry if I was wrong tho
aaron3575
4,8(76 marks)
Step-by-step explanation:
Popular Questions about the subject: Mathematics
1)what is the area of a rectangle with a width of 6.5 feet and a length of...
Mathematics
21.08.2021 17:05
Who buys material to make a costume she buys 1.75 yards of red material she...
Mathematics
11.06.2023 17:30
What is 399713 rounded to the place value of the underlined digit 9...
Mathematics
04.07.2020 09:15
The measure of an angle is 63°. what is the measure of its complement? 27°...
Mathematics
03.04.2020 21:18
Paula is cutting lengths of ribbon to decorate her home for a party. she...
Mathematics
10.02.2023 13:06
If a pair of inline skates is on sale for 35% off the regular price of 120...
Mathematics
21.05.2023 08:12
What is the area of a triangle with the numbers are 5,16,14...
Mathematics
04.05.2020 07:50
What is -3x + 2/4 + 1 =5 solve for x!...
Mathematics
20.01.2023 07:20
Calculate the value of x, and show how you solved. 30 points given out....
Mathematics
11.04.2022 01:03
Arectangular plot of land has an area of 9/10 square mile the length is 3/2...
Mathematics
04.04.2020 18:58
New questions by subject
Step 5: Explain why crops are genetically modified. a) Create a slide titled...
Chemistry
22.08.2020 05:02
During the Mexican National Era of Texas history, there was support among...
History
17.11.2021 08:43
3) Where do planes M and NJF intersect? A. KJH B. FG C. JFG D.GN...
Mathematics
12.11.2020 22:11
Which sentence best corrects the shift in verb tense? Jorge was mowing the...
English
06.04.2021 00:22
When energy is changed from one form to another, . all of the energy is changed...
Chemistry
15.08.2020 18:49
Your response should include the following to receive the points in parentheses:...
English
02.11.2020 01:26
(ILL BE GIVING EXTRA POINTS AND BRAINLIEST TO WHO EVER HELPS ME!! PLS AND...
English
31.10.2020 12:47
What was one weakness of the Georgia Constitution of 1777? It established...
Social Studies
15.06.2021 19:45
Select the correct answer. What is the solution for x In the equation? 3...
Mathematics
20.01.2020 09:14
Consider quadrilateral LMNO. Quadrilateral L M N O is shown below. If quadrilateral...
Geography
04.04.2023 02:42
Find out answers to questions
from an AI-bot
from an AI-bot
Get full access
Answers
