11. Which will earn more interest and how much? (a) 6000 lent at 12% p.a. compounded annually for 1 integer 1/2 years. (b) 6000 lent at 12% p.a. compounded half yearly for 1 integer 1/2 year.​

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Answers 1

this is the answer

1. interest = 1123.2

2. interest = 1,146.096

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