Question

If the difference between the compound interest compounded half-yearly and the simple interest on a sum at 10% per annum for one year is Rs. 25, the sum is ?​

Answer 1

Answer:

Rs,10,000

Step-by-step explanation:

Interest compounded half yearly in this case means 5% interest at intervals of 6 months or turner in a year effective interest rate = A+B+AB/100

5+5+

100

5×5

=10.25%

SI=10%

Difference is 0.25% and is given as Rs 25

⇒

100

0.25

×5=25

⇒s=25×

0.25

100

=Rs10000

Check :-

SI on 10,000@10%Rs1000

CI on 10,000@10% compounded half yearly = Rs1025

difference = Rs25