neeraj lent rs 65536 for 2 years at 25/2% per annum, compounded annually. how much more could he earn if the interest were compounded half-yearly?
Answers
Answered by
199
We know that A = P(1+r/100)^n
= 65536(1+25/200)^2
= 82944.(Annually)
We know that A = P(1+r/100)^n
= 65536(1+25/400)^4
= 65536(425/400)^4
= 83521.
The amount he earns = 83521 - 82944
= 577.
= 65536(1+25/200)^2
= 82944.(Annually)
We know that A = P(1+r/100)^n
= 65536(1+25/400)^4
= 65536(425/400)^4
= 83521.
The amount he earns = 83521 - 82944
= 577.
Answered by
31
Answer:
Step-by-step explanation:
We know that A = P(1+r/100)^n
= 65536(1+25/200)^2
= 82944.(Annually)
We know that A = P(1+r/100)^n
= 65536(1+25/400)^4
= 65536(425/400)^4
= 83521.
The amount he earns = 83521 - 82944
= 577.
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