Question

a a man lends rs 1000 at 10.5% pa.a compounded interest, payable annually and other man lends the same sum at 10% pa.a compound interest but payable half yearly who is the gainer at end of one yr. and bye how much

Answer 1

Answer:

Step-by-step explanation:

compound interest annually = P * (1+r/100) ^n

                                                = 1000(1+10.5/100)

                                                = 1000*1.105

                                                = 1105rs

compound interest half yearly = P*(1+r/2/100)^2t    

                                                    = 1000*(1+10/2/100)^2

                                                     = 1000*(1+.05)^2

                                                     =1000*1.1025

                                                     =1102.5rs

so the difference is 1105-1102.5= 2.5 which means the person who lends annually is the gainer.  

Answer 2

Step-by-step explanation:

2 5 is the answer so this the final answer