What is the difference between compound interest on 5,000 for 11at 4 – McqOptions

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What is the difference ..

1.

What is the difference between compound interest on 5,000 for 1 1 at 4% per annum
2
according as the interest is compounded yearly or halfyearly?

A.

2.04

B.

3.06

C.

8.30

D.

4.80

Answer» C. 8.30

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