Question

Sudhir lent Rs.2000 at compound interest at 10% payable yearly, while prashant lent Rs.2000 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.
Plz explain clearly to me.

Answer 1

Sudhir-
P=Rs.2000
R=10%
T=1 year.
S.I=P×R×T/100
=2000×10×1/100
S.I=200RS.
Prashant-
P=RS.2000
R=10
T=6Months=6/12year.
S.I=P×R×T/100
=2000×10×6/12/100
S.I FOR 6MONTHS =RS.100
S.I FOR 1 YEAR=200.
Difference=S.I FOR SUDHIR-S.I FOR PRASHANT
=RS200-RS20O
=0ANS.
I HOPE IT IS RIGHT AND IT WILL HELP U.