10,000 was lent for one year at 10% per annum. By how much more will the interest be,if the sum was lent at 10% per annum,interest being compounded half yearly?
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Answered by
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Answer:
Compound interest per annum
=10000(1+10/100)^1
=11000
Half yearly
=10000(1+10/100)^2
=12100
So
12100-11000
=1100
Step-by-step explanation:
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