Question

govind borrows 18000 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

Answer 1

Money borrowed by govind =18000
rate =10%
time =1 yr
simple interest =p×t×r/100
=18000×10×1/100
=1800
money invested =18000
rate = 10%
time =1 yr
amount=P(1+r/2×100)^n×2
=18000(1+10/200)^1×2
=18000(1+1/20)^2
=18000(21/20)^2
=18000×441/400
=7938000/400
=19845
compound interest= 19845-18000
=1845
Money gained by govind in one yr= 1845-1800
=Rs45
please mark as brainliest

Answer 2

Answer:

rs . 45

Step-by-step explanation:

see in the attachment