Neeraj lent ₹65536 for 2 years at 12 1/2% per annum. Compound anually .how much moe could he earn if the interest were compounded anually.
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hola there
Compounded Annually:
A = P( 1 + r/100)n
A = 65536( 1 + 25/2* 1/100)2
A = 65536(9/8)2
A = 65536 * 81 / 64
A = 82994
Compounded Half Yearly:
A = P( 1 +r/100)n
A = 65536(1 + 25/2 * 1/100 * 1/2)2 * 2
A = 65536(17/16)4
A = = 83521
More = 83521 - 82994
= Rs 527
Compounded Annually:
A = P( 1 + r/100)n
A = 65536( 1 + 25/2* 1/100)2
A = 65536(9/8)2
A = 65536 * 81 / 64
A = 82994
Compounded Half Yearly:
A = P( 1 +r/100)n
A = 65536(1 + 25/2 * 1/100 * 1/2)2 * 2
A = 65536(17/16)4
A = = 83521
More = 83521 - 82994
= Rs 527
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