Math, asked by ritikass, 1 year ago

Simple Interest on a certain sum of money at 9 % is rupees 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

Answered by Disciple

simple interest for 1 year = 450/2 =225
let x be the principal
9x/100=225
x=2500

2500*(9/100)= 225
capital for the second half year =2725

2725*(9/100)= 245.25
so compounded interest for 1 year = 225 + 245.25 = 470.25 ( only when the interest is not per annum )

ritikass: answer is wrong correct answer is 227.25

ritikass: please do it correctly

Disciple: it should be specified as 9% per annum...then it would be .... 112.5 for first year ... and second year is 117.56 so total would be 230.06

Previous Question

Next Question

Similar questions

Social Sciences, 7 months ago

35. Locate the following points on the Indian political map: a. The place of Chauri Chaura incident b. INC session of December 1929 c. Place of satyagraha organised for cotton mill workers d. The major tea producing state e. A state with highest production of rice in India f. Regions of red soil in India...

Physics, 7 months ago

what is an natural state of an object when it is left to itself ...

Math, 7 months ago

define retail transportation ...