Question

find the difference in compound intrest on rs 6000 for 1 year at the rate of 4percent per annum if the first case intrest is paid annually and in the second case semi annually​

Answer 1

Step-by-step explanation:

Half yearly:

6000(1+4\%/200)^ ^ 2

6000(204/200)^ ^ 2 \$000*204/200*204/200

3 * 204 * 204 / 20

3 * 102 * 102 / 5

6242.4

CI = 6242.4

242.4

Quarterly :

6000(1+4\%/400)^ 4

Answer 2

Answer:

C.I yearly

Principal=5000 Rs.

Time =1.5 years

Interest rate=4 %

Amount=5000(1+

100

4

)(1+

100

2

)

⇒5000×

100

104

×

100

102

⇒5304Rs.

Then C.I=5304−5000=304Rs.

C.I.half yearly

Principal=5000 Rs

Time=1.5 years=3 quarter

Rate =4%

Amount=5000(1+

100

2

)(1+

100

2

)(1+

100

2

)

⇒5000×

100

102

×

100

102

100

102

⇒5306.40

Then C.I=5306.40−5000=306.04

Diference between C.I.=306.04−304=2.04Rs.