Question

Rupali lent RS 15000 dividing into two persons kripa & karishma. kreepa agreed 10% per annum componded yearly whereas karishma agreed to pay 8% per year compounding half yearly . if kreepa paid RS. 1250.7072more intrest than karishma at the end of two yrs find how many sums each of them was given ?

Answer 1

Answer:

5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly? = Rs. 5304. ... The difference between the compound interest (compounding annually) and simple interest on a sum at the rate of 12% per annum for 2 years is Rs 360.