Question

find the difference between CI and SI on RS 2000 for year on sum of RS 12000 compounded half-yearly
please answer​

Answer 1

Answer:

answer

Step-by-step explanation:

Given, P= Rs. 1200,R=10% p.a., T=1 years

∴S.I.=

100

P×R×T

=

100

1200×10×1

= Rs. 120

For C.I. reckoned half yearly, P= Rs. 1200,r=5% per half year, n=2 half year

∴ C.I. = Rs. (1200(1+

100

5

)

2

−1200) = Rs. ((1200×

20

21

×

20

21

)−1200)

= Rs. 1323− Rs. 1200= Rs. 123

∴ Required difference = Rs. 123− Rs. 120= Rs. 3