Answer :
Given,
Principal = Rs.10000
Rate = 20%
Time = 2 year
Hence,
Compound interest =
=
If interest compounded half yearly ,
Rate =
Time = 2×2 = 4 half years
Hence,
Compound interest =
= 10000
So,
If Rakesh can earn = Rs.(4641 – 4400 ) = Rs.241 more
Rate this question :
How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Compound Interest39 mins
Application of Compound Interest38 mins
Concept of Compound Interest50 mins
RD Sharma | Compound Interest38 mins
Quiz | Simple & Compound Interest35 mins
Quiz | Calculating Compound Interest Really Compound?46 mins
Goprep Genius Quiz | Taxes, Discount and Compound Interest25 mins
Taxes, Discount and Compound Interest34 mins
Become Proficient in Simple Interest36 mins
One Step Ahead of Simple Interest44 mins




















Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
view all courses
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation


RELATED QUESTIONS :
Find the rate per
RD Sharma - MathematicsFind the rate at
RD Sharma - MathematicsWhat sum will amo
RD Sharma - MathematicsRekha deposited R
RD Sharma - MathematicsFind the compound
RD Sharma - MathematicsRomesh borrowed a
RD Sharma - MathematicsRakesh lent out R
RD Sharma - MathematicsAbha purchased a
RD Sharma - Mathematics