12. Romesh borrowed a sum of Rs 245760 at 12.5% per annum, compounded annually. On
the same day, he lent out his money to Ramu at the same rate of interest, but
compounded semi-annually. Find his gain after 2 years.
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Answered by
1
Answer:
2163.75
Step-by-step explanation:
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Answered by
2
Step-by-step explanation:
p = 245760
r = 12.5%
n = 2 years
A = p(1+r/100)^n
A = 245760(1+12.5/100)^2
A = 311040
semi annually
A = p(1+r/100)^2n
A = 245760(1+12.5/100)^2×2
A = 313203.75
ramesh gain = 313203.75 - 311040
= 2163.75
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