Math, asked by ishirohan5916, 1 year ago

6. Mahesh lent Rs 65536 for 3 years at 25/2% per annum , compounded annually. How much more could he earn itthe interest is compounded half-yearly?​

Answers

Answered by amitnrw
8

Extra interest Could be Earned  =  Rs  975.38

Step-by-step explanation:

P = 65536

R = 25/2 % per annum

n = 3 Years

Amount A after 3 years = A

A = P(1 + R/100)ⁿ

A = 65536(1 + 25/200)³

A = 65536 * (1.125)³

A = 93312

P = 65536

R = 25/4 % Half yearly

n = 6  ( 6 months)

A = 65536(1 + 25/400)⁶

A = 94287.38

Extra interest Earned = 94287.38 - 93312 = 975.38

Extra interest Could be Earned  =  Rs  975.38

Learn more about compound interest

https://brainly.in/question/3063332

https://brainly.in/question/9228591

https://brainly.in/question/8135807

Similar questions