Question

Interest being due yearly the difference between the total simple interest, on the total
Compound intrest on a certain principle
lent in each case for 2 years at 3 1/2 percent is ruppes 6.37 P. find this principal​

Answer 1

When the interest is compounded half-yearly. When the interest is compounded quarterly. Let be the principal and the rate of interest be R 1 % for the first year, R 2 % for second year, R 3 % for third year and so on and last R n % for the nth year . Then the amount (A) and the compound interest C.I. at the end of n years are given by: