please help me please tell the answer fast and my question is Sudheer land 2000 rupees at compound interest at 10% payable yearly while Prashant land 2000 rupees at compound interest at 10% payable half-yearly find the difference in the interest received by Sudhir and Prashant at the end of the year
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Step-by-step explanation:
Principal = 2000
Rate = 10% p.a.
A = P ( 1 + r)n
100
A= 2000[ 1 + 10/100]1
= 2000 * 110/100
= 2200
Prashant's Case
Principal = 2000
Rate = 10% p.a. or 5% half - yearly
A = 2000 (1 + 5/100)2-no. of half years
= 2000 * 105/100 * 105//100
=2205
The Difference
2205 - 2200 = 5 rupees .
Hope this will help you .
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