A person deposited Rs 60000 in a bank for 2 years at the rate of 10%pa 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 interest of first year and second year?

Step-by-step explanation:

Given: Principal or P .

Rate or R per annum compounded annually.

Time or T years.

To find: Percentage difference between compound interest of first year and second year.

Solution:

First year interest .

First year amount .

For the second year, the interest is compounded semi-annually.

So, time is doubled and the rate is halved.

Second year compounded amount .

Second year compound interest .

Difference in interest of first and second year .

Percentage difference .

Hence, the percentage difference between compound interest of first year and second year is .

120 seems like the most sensible answer.

step-by-step explanation:

if there is only one topping on all caramel apples and there's 120 of them. then all apples should/will be covered in sprinkles. make sense?

answer is 12345678900987654321234567890987654321

step-by-step explanation: