Biology, asked by debjanid9010, 1 year ago

A sum of money is put out at compound interest for 2 years at 20%. It would fetch rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

Answers

Answered by Syedhammad
1

Effective interest in first case :

20+20+(20×20)/100=44%

Effective interest in second case :

21+21+(21×21)/100=46.41%

Given (46.41-44)% of principal = 482

Principal =482/2.41 ×100 = 200

hope it helps you ;)

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