Donald borrow a some of ₹80000 from bush at the rate of 10%per annum under simple interest. immediately Donald give this sum to biden at the rate of 10%under compound interest compounded quarterly . find the profit of Donald is doing so after six months.
Answers
Answered by
1
Answer:
Solution
verified
Verified by Toppr
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
Similar questions