Question

moneylender borrows 5000 at 4% per annum and pays the interests at the end of the year compounded annually he lends it at 6% per annum interest being compounded half yearly and receives the interests at the end of the year how much does gain

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Answer 1

Answer:

Here, P = 10000, R = 2%, T = 4 =

A = P[1+R/100]^T

10000 [1+2/100)^4

10000 [51/50]^4

10000 x 51/50 x 51/50 x 51/50 x 51/50

= 10824.3216

C.I. = A-P

10824.32 - 10000 = 824.32

Hence, the C.I. is 7824.32