Question

a sum of money is lent out at compound interest rate of 20% per annum for 2 years. it would fetch Rs.482 more if interest is compounded half-yearly. Find the sum.

Answer 1

Let sum=Rs.x

 

C.I. when compounded half yearly = [x(1+10100)4−x]=464110000x1+101004-x=464110000

 

C.I. when compounded annually =[x(20100)2−x]=1125x201002-x=1125

 464110000x−1125x=482464110000x-1125x=482

 

=> x=20000

Answer 2

Answer:

easiest way to solve this problem.

please mark it as brainliest.

please follow me.