(7). Sudhir lent 2000 at compound intrest at 10%
payable yearly, while Prakash lent 2000 at
compound intrest at 10%. payable half yearly.
Find the difference between the interest recieved
by sudhir and Prakash at the end of the year.
Sol.
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(7). Sudhir lent 2000 at compound intrest at 10%
payable yearly, while Prakash lent 2000 at
compound intrest at 10%. payable half yearly.
Find the difference between the interest recieved
by sudhir and Prakash at the end of the year.
Sol.
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Step-by-step explanation:
SUDHIR-
A=Px(1+R/100)^T
=2000x(1+10/100)
=2000x110/100
=2200
CI=2200-2000
=200
PRAKASH-
A=P(1+R/2/100)^2T
=2000(1+10/200)^2
=4410
CI=4410-2000
=1410
DIFFERENCE=1410-200
=1210
HOPE YOU GOT YOUR ANSWER........