Question

The difference between simple interest and compound interest on a certain sum of the money at 8% per annum for one and half years, when interest is compounded half yearly is Rs.228 find the sum​

Answer 1

Answer:

let sum P

given the rate of interest = R 8% time =t=one and half year = 3/2 years

SL=prt /100= (p×8×3/2)/100 =12p/100

cl=P{1+r/200)2-T}= p{1+8/200}^3-1}=P{26/25)^3-1}

answer=46875