Madhu deposited ₹2000 in a bank at 10% per annum. Find the difference in the compound interest after 1.5 years if the interest is compounded yearly and half yearly find.

Answer 1

2000 ( 1 + 0.10) ^1 = 2000 ( 1.1) = 2200

2000( 1 + 0.5)^2 = 2000 * 1.05^2 = 2205