The interest earned on 20.000 at the
rate of 20% per annum for 1.5 years
if
compounded half-yearly is how much
more than the simple interest earned
on the same amount at the same rate of
interest for the same period.
Answers
Answer:
Step-by-step explanation:
Principle = Rs.20,000
Rate = 20%
Time = 1.5 years = 3 half years
______________________
Compound Interest = ??
______________________
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
______________________
Rs. 20000 will amount Rs.14560 as CI in 1.5 years at the rate 20% per annum compounded half yearly
⠀⠀⠀⠀
⠀⠀⠀⠀
Principle = Rs. 20000
Rate = 20%
Time = 1.5years = 3 half years
______________________
Simple Interest = ??
______________________
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
______________________
Rs. 20000 will amount Rs. 12000 as simple interest in 1.5 years at 20% per annum
⠀⠀⠀⠀
⠀⠀⠀⠀
⠀⠀⠀⠀
Rs. 14560 > Rs. 12000
⠀⠀⠀⠀
CI > SI
⠀⠀⠀⠀
Compare = Rs. 14560 - Rs. 12000
⠀⠀⠀⠀
Compare = Rs. 2560
⠀⠀⠀⠀
CI is greater than SI by Rs. 2560
The answer is 34560 - 26000 = 8560.
It took a long time. Hope you got the brainliest answer.