Question

The difference between the annual and semi-annual compound interest on a sum of money is Rs 482 at the rate of 20 % per annum for 2 years. Find the sum.​

Answer 1

→ successive Rate of 20% for 2 Years = 2*20 + (20*20/100) = 40 + 4 = 44%.

And, when interest is compounded semi - Annually,

→ Rate = (20/2) = 10% .

→ Time = 2 * 2 = 4 Years.

So,

→ successive Rate of 10% for 4 Years = (2*10 + (10*10/100) = 21% Now, => 21*2 + (21*21/100) = 42 + 4.41 = 46.41% .

A/q,

→ (46.41%) - 44% = 482

→ 1% = (482/2.41)

→ 100% = (482/2.41) * 100 = Rs.20000 (Ans.)

Explanation:

Answer from Gauth math