equation
Ex. Tulstram took a loan of 40,000 from a bank for 1 year the
10 p.e.p.a. Find the interest and the amount he will have to pa
Solution: The interest is directly proportional to the principal
Let the interest on 40.000 at 10 p.e.p.a. bet
10
Then
40000 100
Answers
Answered by
2
Answer:
38.431783
Step-by-step explanation:
Principal = Rs.40000
Rate of interest = r = 5% = 0.05
Time = 18 months =
The interest is compounded annually
No. of of compounds per year = 1
Formula :
Case 2)
Principal = Rs.40000 =
Rate of interest = r = 5% = 0.05
Time = 18 months =
The interest is compounded half yearly
No. of of compounds per year = 2
Formula:
Difference in amount=43075.625-43037.19
3217=38.431783
Hence the difference in amount she would
be paying after 18 months if the interest is compounded annually and compounded half yearly is 38.431783
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