Question

nikunj invested ₹40000 and received simple interest at the rate of 8% p.a. after 1 year. find his gain or loss, if had invested the same sum at same rate and for same time with the interest being compounded half-yearly​

Answer 1

Step-by-step explanation:

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We know A =P(1+it)

i.e., 85,925=70,000(1+

100

6.5

×t)

85,925/70,000=1+

100

100+6.5t

22.75=6.5t