In some principle at 10% per annum in 2 years. The difference between compound interest and simple interest is Rs.16, What is the difference between the two interests, if interest is added every half year?
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Answered by
0
Step-by-step explanation:
Correct option is
B
Rs. 63100
Let the sum be x.
C.I.=[
x{
1+(
100
10
)
}
2
−x
]=
100
21x
S.I.=
100
x×10×2
⇒C.I -S.I =
100
x
⇒
100
x
=631
⇒x=63100
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