Math, asked by nivedita4, 1 year ago

find the difference between simple and compound interest on a sum of ₹64000 at the rate of 20% p.a. compounded semi-annually for 1 1/2

Answers

Answered by siddhartharao77
116
Given Principal =64000.

           Rate of interest = 20% P.A.

           n  = 1.5 years.


We know that A = P(1 + r/100)^n

When the interest is compounded semi-annually.

A = P(1 + r/200)^2n

    = 64000(1 + 20/200)^3

    = 64000(11/10)^3

    = 64000 * 1.331

    = 85184.


We know that CI = A - P

                             = 85184 - 64000

                             = 21184.


We know that SI = PRT/100

                            = 64000 * 20 * 3/100 * 2

                            = 64000 * 60/200

                            = 19200.



Difference between Simple Intrest and Compound Intrest = 21184 - 19200

                                                                                                  = 1984.


Hope this helps!
Answered by abhishekrathore15251
3

Answer:

Step-by-step explanation:

Similar questions