Question

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 their interest ​

Answer 1

Answer:

7500

Step-by-step explanation:

SI₁ (of rate=15,time=3)=11250;

SI₂ (of rate=10,time=3/2)=3750;

therefore,SI₁-SI₂=7500