please answer it A sum of money is put on CI for 2 years at 20%. It would fetch Rs 482 more if the interest is payable half yearly than if it were payable yearly. Find the sum.
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Answer:
Rs 20000
Step-by-step explanation:
Let the Principal = Rs 100
When compounded annually,
A = 100 [1+20/100]2
When compounded half yearly,
A = 100[1+10/100]4
Difference, 146.41 - 144 = 2.41
If difference is 2.41, then Principal = Rs 100
If difference is 482, then Principal = 100/2.41 × 482
P = Rs 20000.
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