Sudhir lent $2,000 at compound interest at 10% payable yearly, while Prashant lent 2,000 at compound interest at 10% payable half-yearly. Find the difference in the interest received by Sudhir and Prashant at the end of one year.
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Answered by
1
Answer:
I don't know sorry sorry sorry sorry sorry sorry
Answered by
0
Answer:
$100
Step-by-step explanation:
P=$2000
r of Sudhir=10%per year
r of Prashant=10%per half year
t=1year
A of Sudhir=P(1+r/100)
=2000(1+10/100)
=2000x11/10
=$2200
C. I. of Sudhir=A-P
=2200-2000
=$200
A of Prashant=P(1+(r/2)/100)
=2000(1+(10/2)/100)
=2000(1+5/100)
=2000x21/20
=$2100
C. I. of Prashant=A-P
=2100-2000
=$100
Difference=200-100=$100
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