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CBSE Class 8 Answered

Somnath lent 20,000 at 20% interest for 2 years compounded annually.If the interest was compounded half yearly, how much more would he earn as interest?
Asked by aditikurdikar | 25 Nov, 2018, 12:45: PM
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begin mathsize 18px style straight P equals 20 comma 000 straight r equals 20 percent sign straight n equals 2 straight A equals 20000 open parentheses 1 plus 20 over 100 close parentheses squared equals Rs.28 comma 800 straight I equals 8 comma 800 Half space yearly straight A equals 20000 open parentheses 1 plus fraction numerator begin display style 20 over 2 end style over denominator 100 end fraction close parentheses to the power of 2 cross times 2 end exponent equals Rs.29 comma 282 straight I equals Rs.9282 DIfference equals Rs.482 end style
Answered by Arun | 26 Nov, 2018, 10:02: AM

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CBSE 8 - Maths
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