alleryStart learning →Nominal 10% p.a. on ₹10,000: extra 1-year interest from half-yearly versus yearly compounding?
A₹100
B₹25
C₹250
D₹50
Answer & Solution
Correct answer: B. ₹25
Half-yearly compounding gives ₹11,025, while annual compounding gives ₹11,000, a ₹25 difference.
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