suyogadhikari9876543
Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

The difference between the annual and semi-annual compound interest on a sum of money is Rs 482 at the rate of 20 % per annum for 2 years. Find the sum.​

Sagot :

Answer:

→ successive Rate of 20% for 2 Years = 2*20 + (20*20/100) = 40 + 4 = 44%.

And, when interest is compounded semi - Annually,

→ Rate = (20/2) = 10% .

→ Time = 2 * 2 = 4 Years.

So,

→ successive Rate of 10% for 4 Years = (2*10 + (10*10/100) = 21% Now, => 21*2 + (21*21/100) = 42 + 4.41 = 46.41% .

A/q,

→ (46.41%) - 44% = 482

→ 1% = (482/2.41)

→ 100% = (482/2.41) * 100 = Rs.20000 (Ans.)

Step-by-step explanation:

Answer from Gauth math

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.