き10000 was lent for one year at 10% per annum. By how much more will – InterviewSolution

1.	き10000 was lent for one year at 10% per annum. By how much more will the interestbe, if the sum was lent at 10% per annum, interest being compounded half-yearly
Answer» P=Rs10000r=10%when compounded yearlyI=P (1+r/n)^ntn=1t=1r=10%=0.1putting values in formulaI1=10000 (1+0.1)I1=10000×1.1I1=Rs11000when compounded half yearly n=2I2=10000 (1+0.1/2)^2I2=Rs11025I2-I1=11025-11000 =25

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