A sum of money is put on CI for 2 years at 20%. It would fetch Rs 482 more if the interest is payable half yearly than if it were payable yearly. Find the sum.
Question
Solution 1
Sure, here is the step by step solution:
Step 1: Understand the problem The problem is about compound interest (CI). We are given that the interest rate is 20% per annum, the time period is 2 years, and the difference in the amount of interest when it is compounded yearly and half-yearly is Rs 482. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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