Question

Rahul invested ₹40,000 and received simple interest at the rate of 8% p.a. after 1 year. Find his gain or loss,
if he had invested the same sum at same rate and for same time with the interest being compounded half-
yearly.​

Answer 1

Answer:

Rs 40,000 - 10000

30000

Answer 2

Answer:

5000

Step-by-step explanation:

p=40000

r=8%

then,

SI= 40000*8/100

amount = 5000 and gain is of rs. 5000

if compounded half yearly then

he will get