Question

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​

Answer 1

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