What is the difference between the compound interests on $5000 for 1 years at 4% per annum compounded yearly and half-yearly?
Choose the correct choice from the following options
A) 2.04  B) 3.06  C) 4.8  D) 8.3  E) 9.3
CI = 5000*(1/4/100)*(1+1/2*4/100)   =(5000*26/25*51/50)= 
<gadget id="calculator">(5000*26/25*51/50)</gadget>
<output>5_304</output>
5304=5306.04   difference = $(5306.04 - 5304)= 
<gadget id="calculator">(5306.04 - 5304)</gadget>
<output>2.04</output>
$2.04   2.04NSWER 2.04
<result>A</result>
What is the difference between the compound interests on $5000 for 1 years at 4% per annum compounded yearly and half-yearly?