Ans: (a) 8 times (b) Rs. 42,000 (c) Terminal Teriya deposited Rs. 10,00,000 in a development bank for 2 years to get the half yearly compound interest at the rate of 8% per annum. But just after 1 year, bank has changed the policy and decided to give the interest compounded quarterly at the same rate of interest.Calculate the principal for the second year. If the bank policy was not changed. how much more or fewer amounts would she get at the end of two years? Calculate it.
