Bank of Krishnagar offers an interest rate of 8\(\%\) p.a. Compare how much one gets if they deposit \(₹\) 15000 for a period of 2 years with compounding and without compounding annually.
Answer:
(a) Without Compounding \(=\) \(₹\)
(b) With Compounding \(=\) \(₹\)
(c) Difference \(=\)
[Note: If necessary, Enter the values as upto \(2\) decimal places]