Ashok invests a certain sum of money at 20%
per annum, compounded yearly. Geeta invests
an equal amount of money at the same rate
of interest per annum Compounded half-
yearly. If Geeta gets33 more than Ashok
in 18 months, calculate the money invested.
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Answer:
₹3000
Step-by-step explanation:
A=p(1+r/n) ^nt
Ashoks amount in 1.5 year
A=P(1+20/100)^1.5
A=P(6/5)^1.5
A=1.32p
for geeta compounded half yearly
A=P(1+20/200)^2×1.5
A=P(11/10)^3
A=1.331P
geeta get 33 more
Ag- Aa=33
(1.331-1.32)p=33
(0.011)p=33
p=33/0.011
p=33000/11
p=3000
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