What is the difference between the compound interests on Rs. 15,000 for 1 year at 10% per annum compounded yearly and half-yearly?

Rs. 30 Rs. 32.25 Rs. 37.5 Rs. 45

Rs. 37.5

P = 15000 R = 10% p.a. Total Rate of Int. (Compounded Half yearly) = 5% + 5% +( \(\frac{5 x 5}{100}\))% = 10.25% Difference percentage = 10.25% – 10% = 0.25% Difference b/w C.I. = 15000 x 0.25% = 37.5