Question

3. Manu deposited * 45,000 in a bank for an year with an interest of 8% compounded
annually. His friend Shyam deposited the same amount in another bank at 8 % per annum
compounded half yearly for an year. Who get more interest and by how much ?​

Answer 1

manu get 3600 interest and shyam get 7272..so shyam get more interest by 3672

Answer 2

Answer:

Shyam get more interset by Rs 72

Step-by-step explanation:

Manu P 45000 ; R 8% T 1yr Amt P(1+R/100)t 45000(1+8/100)¹ 45000*108/100 = Rs 48600 ; C. I . = amt - p = 48600 - 45000 = Rs 3600 Shyam By using same formula but in half yearly rate half time double ;;;;; P =45000 ; R =4% T = 2 yr Amt = P(1+R/ 100)t 45000(1+4/100)² 45000*104/100*104/100 = Rs 48672 CI = amt - p = 48672 - 45000 = Rs 3672 So last step is 3672 - 3600 = Rs 72