Question

5. The difference between the C.I. and S.I. (compounded half yearly) on a certain sum of money for 12 months at 16 % interest rate per annum is 250. Find the sum of money. [04 Marks (Take 1.082 = 1.17)​

Answer 1

Answer:

The sum

Step-by-step explanation:

I am confused

Answer 2

Answer:

For ,

N=1year

R=10 % 

We have S.I.=100PNR=100P×1×10=Rs0.1P

When interest being compounded for half yearly, for  1  year

We have, N=2 

And R=210=5 % 

AndAmount=P(1+100R)N=P×(1+1005)2=P×1.052=1.1025P

And C.I.=A−P=1.1025P−P=0.1025P

Given, C.I.−S.I.=Rs180

⇒0.1025P−0.1P=Rs180

⇒0.0025P−Rs180

⇒P=Rs72,000