The difference of compound interest on Rs.800 for 1 year at 20% per annum when compounded half-yearly and quarterly is :
Solution:
Principal = Rs. (100×804×2)(100×804×2) = Rs.1000
C.I = Rs. [{1000×(1+4100)2−1000}][{1000×(1+4100)2−1000}] = Rs.81.60
Principal = Rs. (100×804×2)(100×804×2) = Rs.1000
C.I = Rs. [{1000×(1+4100)2−1000}][{1000×(1+4100)2−1000}] = Rs.81.60