Please read the Questions carefully and select the best choice.(MARKS: 1)
A sum of money is lent for 2 years at 10% p.a. compound interest. It yields Rs 8.81 more
when compounded semi-annually than compounded annually. What is the sum lent?
Answers
Answered by
0
Answer:
1762 is the answer of the question
Answered by
6
AnswEr:-
Let the sum be x,
=> x(1+10/100)^4 - x (1+20/100)^2 = 482
=> x(11 /10)^4 - x (65)^2 = 482
=> x (1.4641 - 1.44) = 482
=> 0.0241x = 482
=> x = 4820.0241 = Rs.20000
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