Question

) Salim took a loan of Rs. 10000 for 2 years at 20% per annum, compounded annually. How much more he had to pay

if the interest be compounded half-yearly?​

Answer 1

Step-by-step explanation:

100

R

]

n

=Rs.80000[1+

100

10

]=Rs.88000

SI on Rs. 88000 for next 1/2 year

=Rs.88000×

100

10

×

2

1

=Rs.4400

Therefore, Amount = Rs.88000+Rs.4400 = 92400Rs.

2) Compounded half yearly :

P=Rs.80000

R=10% p.a.=5% per half year

T=1

2

1

years ⟹n=3

A=Rs.80000[1+

100

5

]

3

A=Rs.92610

Thus, the difference between the two

Answer 2

Step-by-step explanation:

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