Anuj took a loan of rupees 50,00 from a bank rate of interest in 10% p.a., find the amount he would be repaying after
1 n 1/2 years,if the interest is :
a)compounded anually.
b)compounded half yearly
please answer it fast
Answers
Answered by
0
Given :-
P = rs 5000
Rate of Interest = 10%
no. of years = 1/2 = 0.5 years
Solution :-
A = 5000 ( 1 + 10/100 )⁰.⁵
= 5000(1+0.1)⁰.⁵
= 5000(1.1)⁰.⁵
= 5000×0.60
= 3025
Compound Interest = A - P
3025 - 5000
Answered by
0
Answer:
ANSWER
1) Compounded Annually :
P=Rs.80000
R=10% p.a.
T=1
2
1
years ⟹n=1+
2
1
Amount for 1st year.
A=P[1+
100
R
]
n
=Rs.80000[1+
100
10
]=Rs.88000
SI on Rs. 88000 for next 1/2 year
=Rs.88000×
100
10
×
2
1
=Rs.4400
Therefore, Amount = Rs.88000+Rs.4400 = 92400Rs.
2) Compounded half yearly :
P=Rs.80000
R=10% p.a.=5% per half year
T=1
2
1
years ⟹n=3
A=Rs.80000[1+
100
5
]
3
A=Rs.92610
Thus, the difference between the two amounts = Rs.92610−Rs.92400 =Rs.210
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