Question

Find the difference between S.I and C.I on Rs. 2000 for 2 years at 6% p.a compound Interest being reckoned half yearly


please answer if you know only

Answer 1

Step-by-step explanation:

p 2000

r =6%/2 3

t 2yrs =4 half

a=p(1+r/100)^4

a = 2000(1+3/100)^4

a= 2000(103/100)^4

a= 2000×1.09

= 2180

C. I =a-p

2180-2000

= 180

Answer 2

SI= 2000*2*6/100=240
CI= 2000(1+6/100)^2-2000=247.20
So there difference is 247.20-240=47.20