Mathematics, 23.01.2022 14:00 NeedsMajorHelp
A person deposited Rs 50,000 in bank 'M' for two years at the rate of 10% p. a. compound interest 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 interests of first and second year? Give reason with calculation.
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A person deposited Rs 50,000 in bank 'M' for two years at the rate of 10% p. a. compound interest co...
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