Question

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.​

Answer 1

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