What is the difference between the compound interests on Rs. 5000 for $$1\frac{1

Question

What is the difference between the compound interests on Rs. 5000 for $$1\frac{1}{2}$$ years at 4% per annum compounded yearly and half-yearly?

Options:

A . Rs. 2.04

B . Rs. 3.06

C . Rs. 4.80

D . Rs. 8.30

Answer: Option A

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