Math, asked by santoshkumarakela786, 1 month ago

Simple interest on a certain sum of money at 9% is Rs 450 in 2 years. Find the compound interest, on the same sum, at the same rate for 1 year, if the interest is reckoned half yearly

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Answered by barani79530

Step-by-step explanation:

Simple interest on a certain sum of money at 9% is ₹450 in 2 years. Find the compound interest, on the same sum. at the same rate for 1 year, if the interest is reckoned half yearly. The answer is 227.25 but my answer is 230.0625.

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Simple interest on a certain sum of money at 9% is Rs 450 in 2 years. Find the compound interest, on the same sum, at the same rate for 1 year, if the interest is reckoned half yearly​

Answers

Simple interest on a certain sum of money at 9% is Rs 450 in 2 years. Find the compound interest, on the same sum, at the same rate for 1 year, if the interest is reckoned half yearly