Question

ANNEYEONGHASAYO CHINGUS
The difference between the compound interest for 1 year, compounded half yearly and the simple interest for 1 year on a certain sum of money at 10% per annum is ₹360. Find the sum

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Answer 1

$\large \boxed {\fcolorbox {red}{orange} {Answer:}}$

$\large \boxed {\fcolorbox {blue}{white} {Rs. \: 144000}}$

$\large \boxed {\fcolorbox {blue}{green} {Step \: by \: Step \: explanation:}}$

let the principle be x

Rate(R) = 10%

time (T) = 1 year

According to your question

C.I half yearly - S.I. = Rs 360

or, $p(( {1 + \frac{r}{100} )}^{2(t)} - 1)) - \frac{p \times r \times t}{100} = Rs.360$

or, x*0.1025 - x*0.1 = Rs 360

or, 0.1025x - 0.1x = Rs 360

or, 0.0025x = Rs 360

or, $x = \frac {360}{0.0025}$

or, x = Rs 144000

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Answer 2

Answer:

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Step-by-step explanation: