Arpit paid 1200 as simple interest on a certain sum, be borrowed for 1 1/2 years at the rate of 10 per annum He lent it to his friend for the same period and the same rate of interest but earned interest which is compounded half-yearly Find the sum borrowed Find the compound interest, he earned after 1 1/2 years.
Answers
Answer:
Arpit paid 1200 as simple interest on a certain sum, be borrowed for 1 1/2 years at the rate of 10 per annum He lent it to his friend for the same period and the same rate of interest but earned interest which is compounded half-yearly Find the sum borrowed Find the compound interest, he earned after 1 1/2 years.
Step-by-step explanation:
Arpit paid 1200 as simple interest on a certain sum, be borrowed for 1 1/2 years at the rate of 10 per annum He lent it to his friend for the same period and the same rate of interest but earned interest which is compounded half-yearly Find the sum borrowed Find the compound interest, he earned after 1 1/2 years = 1000000
Answer:
665.7
Step-by-step explanation:
1200 simple interest
11/2 years
10 per
11/2 years