sudhir lend 2000 at compound interrest at 10% payable yearly while prashant lent 2000at compound interrest at 10% payable half yearly find the interrest received by sudhir and prashant at the end of one year
ShuchiRecites:
Hii you have get 2 answers choose best one please and do not be biased with anyone
Hii.Those r right answers.Sudhir will get 200 interest and prashant will get 205 interest.
I think its correct.
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Sudhir)
Amount =$2000×(1+10/100) power 1
=$2000×110/100=$2200
Compound Interest =$(2200-2000)=$200
Prashant)
Amount =$2000×(1+5/100) power 2
=$2000×105/100×105/100
=$2205
Compound Interest = $(2205-2000)=$205
HOPE IT HELPED
Amount =$2000×(1+10/100) power 1
=$2000×110/100=$2200
Compound Interest =$(2200-2000)=$200
Prashant)
Amount =$2000×(1+5/100) power 2
=$2000×105/100×105/100
=$2205
Compound Interest = $(2205-2000)=$205
HOPE IT HELPED
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