Q. 84.2( 193 Votes )

# Find the amount a

Answer :

Here, Principal (P) = Rs. 10000, Rate of Interest (R) = 10% = 5% (compounded half yearly)

Time, n = years = 3 years (compounded half yearly)  = Rs. 11,576.25

Compound Interest (C.I.) = A – P

= Rs. 11,576.25 – Rs. 10,000 = Rs. 1,576.25

If it is compounded annually, then

Here, Principal (P) = Rs. 10000, Rate of Interest (R) = 10%, Time = years

Amount (A) for 1 year =  = Rs. 11,000

Interest for 1/2 year = = Rs. 550

Total amount = Rs. 11,000 + Rs. 550

= Rs. 11,550

Now, C.I. = A – P = Rs. 11,550 – Rs. 10,000

= Rs. 1,550

Yes, interest Rs. 1,576.25 is more than Rs. 1,550.

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