ICSE Class 9 Answered
On what sum of money will the difference between compound interest compounded annually and compound interest compounded half-yearly be Rs. 63 in 18 months and at 10% per annum?
Asked by Topperlearning User | 31 Jul, 2017, 01:22: PM
Expert Answer
Let sum of money = Rs. y
To calculate C.I. (compounded annually)
For 12 months = 1 year
P = Rs. y ; r = 10% and n = 1 year
For remaining 6 months
To calculate C.I. (compounded half-yearly)
According to question
Answered by | 31 Jul, 2017, 03:22: PM
Concept Videos
ICSE 9 - Maths
Find the rate of compound interest on rupees 4000 so that it can amount to rupees 4630.50 in 3 years
Asked by uttamasingh422 | 22 Apr, 2023, 10:04: AM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by gamertejas57 | 27 Jun, 2022, 06:08: PM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by krishnasangam2008 | 11 Apr, 2022, 09:06: PM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by ritasingh2502 | 13 Jul, 2021, 12:44: PM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by payalpshah10 | 28 Jun, 2021, 04:30: PM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by vartikaagarwal61.9soc | 09 Jun, 2021, 08:45: PM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by shilmesh2325 | 30 Jan, 2021, 09:35: AM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by rishi030405 | 17 Nov, 2020, 08:56: PM
ANSWERED BY EXPERT