Question

find the difference between the compound interest and simple interest compounded yearly and half yearly on 10000 for 18 months on 10% per annum
*pls do this with formula

Answer 1

Step-by-step explanation:

Find the difference between the compound interest compounded yearly and half-yearly on Rs. 10000 for 18 months at 10% per annum. ... Then subtract the principal from the amount to get the interest. Then, find the amount for the compound interest compounded half-yearly by applying the formula A=P(1+r2×100)t×2.

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Answer 2

Answer:

Interest for 18 months on compounding annually=10000x1.1x1.05=1.155x10000 =11550–10000=1550

Interest for 18 months compounded half yearly=10000x1.05x1.05x1.05 -10000=11576.30–10000=1576.30

So the difference in interest = 1576.30–1550=26.30