5. The simple interest on a sum of money for 2 years at 12% per annum is 1380. Find:
(i) the sum of money.
(ii) the compound interest on this sum for one year payable half-yearly at the same
rate. This question is from chapter. COMPOUND INTEREST
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Answered by
1
Answer:
1380=p×2×12/100
p=5750rs
compound interest
A=5750(1+12/100)^2
=7212.8
interest =7212.8 — 5750
answer=1462.8
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Answered by
2
Answer:
1380=p×2×12/100
p=5750rs
compound interest
A=5750(1+12/100)^2
=7212.8
interest =7212.8 — 5750
answer=1462.8
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