Sirish borrowed a sum of Rs. 163840 at 12.5% per annum compounded annually. On the same day, he lent out the same amount to Sahej at the same rate of interest but compounded half-yearly. Find his gain after two years.
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Answered by
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hlo mate here is your answer
Principal -163840;Rate -12.5%
A=P (1+r/100)n
=163840 (1+12.5/100)2
=163840(112.5/100)2
=2048*22.5*4.5=207360
Cl per annum =207360-163840=43520
Cl half yearly =12.5/2=6.25
A=P (1 + r/100)n
=163840 (1+6.25/100)4
=208802.5
Cl half yearly = 208802.5 -163840=44962.5
GAIN AFTER 2 YEARS =44962.5-43520=1442.50
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I HOPE IT IS HELPFULL TO YOU
Principal -163840;Rate -12.5%
A=P (1+r/100)n
=163840 (1+12.5/100)2
=163840(112.5/100)2
=2048*22.5*4.5=207360
Cl per annum =207360-163840=43520
Cl half yearly =12.5/2=6.25
A=P (1 + r/100)n
=163840 (1+6.25/100)4
=208802.5
Cl half yearly = 208802.5 -163840=44962.5
GAIN AFTER 2 YEARS =44962.5-43520=1442.50
.
.
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I HOPE IT IS HELPFULL TO YOU
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