Question

Rahul invested 40000rupees and received simple intrest at the rate of 8%p.a after 1 year. find his gain or loss if he had invested the same sum and same rate and same time with the invested being compounded half yearly​

Answer 1

Answer:

Amount=46656, Gain=6656

Step-by-step explanation:

Principle=40000rs

Rate=8% in 6 months

Time=1 year

8% of 40000=8/100×40000

=3200

=40000+3200

=43200

Another six months

=8% of 43200

=8/100×43200

=3456

Total amount=43200+3456

=46656Rs

Its a gain as Amount>Principle

Gain=Amount-Principle

=46656-40000

=6656