*What will be the one year interest of Rs 4000 at the same rate of Rs 2500 for 2 years simple interest?*
Answers
Answer:
C.I. when interest
compounded yearly=rs.[5000*(1+4/100)(1+1/2*4/100)]
= Rs. 5304.
C.I. when interest is
compounded half-yearly=rs.5000(1+2/100)^3
= Rs. 5306.04
Difference = Rs. (5306.04 - 5304) = Rs. 2.04
Step-by-step explanation:
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Given : Rs 2500 for 2 years simple interest
To Find : one year interest of Rs 4000 at the same rate
Solution:
Let say Rate of interest = R % per annum
and Simple interest of 2500 for 2 years = S
=> S = 2500 x R * 2 /100
=> S = 50R
one year interest of Rs 4000 at the same rate
=> Interest = 4000 x R * 1 /100
=> Interest = 40R
=> Interest = 0.8 (50 R)
=> Interest = 0.8S
0.8 times or 80 %
one year interest of Rs 4000 at the same rate of Rs 2500 for 2 years simple interest will be 0.8 times ( 80 % )
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