Question

RS10000 was lent for one year at 10% per annum by how much more will the interest be if the sum was lent at 10% per annum interest being compounded half yearly

Answer 1

Answer:

Step-by-step explanation:

Compound interest per annum

=10000(1+10/100)^1

=11000

Half yearly

=10000(1+10/100)^2

=12100

So

12100-11000

=1100