Q. 114.5( 6 Votes )

Rakesh lent out R

Answer :

Given,


Principal = Rs.10000


Rate = 20%


Time = 2 year


Hence,


Compound interest =


=


If interest compounded half yearly ,


Rate =


Time = 2×2 = 4 half years


Hence,


Compound interest =


= 10000


So,


If Rakesh can earn = Rs.(4641 – 4400 ) = Rs.241 more


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