A sum of money is lent out at compound interest fo

Question

A sum of money is lent out at compound interest for 2 years at 20% per annum compound interest being reckoned yearly. If the same money is lent out at compound interest at the same rate percent per annum . compound interest being reckoned half yearly it would have fetched rupees 482 more by way of interest. calculate the sum of money

Soumya Ranjan Mohanty · Accepted Answer

let sum of money=Rs xCompond interest compounded half yearly =(x(1+ 10/100)^4 -x)=4641x/10000 => Compond interest compounded yearly=(x(20/100)^2 -x)=11x/25=> 4641x/10000 - 11x/25 = 482=>241x/10000=482=>x=20000so sum is Rs 20000

9 grade maths> A sum of money is lent out at compound in...

rajendra , 8 Years ago

Soumya Ranjan Mohanty

LIVE ONLINE CLASSES

What are the differences between similar triangles and congruent triangles?

9 grade maths

What are Armstrong numbers?

9 grade maths

All real numbers are rational numbers.
A) True
B) False

9 grade maths

The L.C.M of the smallest 2 digit composite number and the smallest composite number is:
(a) 12
(b) 4
(c) 20
(d) 44

9 grade maths

Are all natural numbers also whole numbers?

9 grade maths

9 grade maths> A sum of money is lent out at compound in...

rajendra , 8 Years ago

Soumya Ranjan Mohanty

LIVE ONLINE CLASSES

Other Related Questions on 9 grade maths

What are the differences between similar triangles and congruent triangles?

9 grade maths

What are Armstrong numbers?

9 grade maths

All real numbers are rational numbers.A) TrueB) False

9 grade maths

The L.C.M of the smallest 2 digit composite number and the smallest composite number is:(a) 12(b) 4(c) 20(d) 44

9 grade maths

Are all natural numbers also whole numbers?

9 grade maths

All real numbers are rational numbers.
A) True
B) False

The L.C.M of the smallest 2 digit composite number and the smallest composite number is:
(a) 12
(b) 4
(c) 20
(d) 44