Question

Govind borrows 18,000 at 10% simple
interest. He immediately invests the money
borrowed at 10% compound interest
compounded half-yearly. How much money
does Govind gain in one year ? find the answer without using formulae​

Answer 1

Answer:

Hey mate here is your answer.//

✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡✡

Step-by-step explanation:

P=18000rs,

R=10%,

T=1 year,

S.i. =P *R*T/100,

18000*10*1/100=1800rs,

Compounded halfyearly,

P =18000 rs,

T=2 half years,

R=5%,

A=p[1+r/100]^t,

=18000[1+5/100]^2,

=18000[21/20]^2,

=18000*21*21/400,

=45*441=19845rs,

C.i.=19845-18000=1845rs,

Money he gained =1845-1800=45rs.

Hope it helps you.//✔✔✔

Please do mark me as Brainliest.//