Mathew invested 25000 at 15% per annum for 3 years,
interest compounded annually and 25000 at 10% per annum
for 1 ½ years, interest compounded half – yearly. Find the
difference in the interests.
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Mathew invested 25000 at 15% per annum for 3 years ?
= simple intrest = P×R×N /100
simple intrest = 25000×15×3 /100
simple intrest = 1125000/100
simple intrest = 11250 rs
therefore, simple intrest = 11250 rs
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