Question

Q.17 The compound interest on 1 point
5000Rs at 4 % per annum for
2years compounded annually is
*
O
804 Rs
O
708 Rs
408 Rs
ОО
540 Rs​

Answer 1

$\huge\star\underline\mathfrak\red{Answer:-}$

C.I yearly

Principal=5000 Rs.

Time =1.5 years

Interest rate=4 %

Amount=5000(1+1004)(1+1002)

⇒5000×100104×100102

⇒5304Rs.

Then C.I=5304−5000=304Rs.

C.I.half yearly

Principal=5000 Rs

Time=1.5 years=3 quarter

Rate =4%

Amount=5000(1+1002)(1+1002)(1+1002)

⇒5000×100102×100102100102

⇒5306.40

Then C.I=5306.40−5000=306.04

Diference between C.I.=306.04−304=2.04Rs.

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