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The Difference Between Compound Interest for a Year Payable Half-yearly and Simple Interest on a Certain Sum of Money Lent Out at 10% for a Year is Rs. 15. Find the Sum of Money Lent Out. - Mathematics

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प्रश्न

The difference between compound interest for a year payable half-yearly and simple interest on a certain sum of money lent out at 10% for a year is Rs. 15. Find the sum of money lent out.

योग
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उत्तर

Let sum of money be Rs. y
To calculate S.I.
S.I. = `[ "P" xx "R" xx "T"]/100 = [ y xx 10 xx 1]/100 = Rs. y/10`

To calculate C.I.(compounded half-yearly)
∴ C.I. = P`[( 1 + r/[ 2 xx 100 ])^( n xx 2) - 1] = y[( 1 + 10/[ 2 x 100])^(1 xx 2) - 1 ]`

= `y[ (21/20)^2 - 1 ] = (41/400)y`

Given : C.I. - S.I. = Rs. 15

⇒ `(41/400)y - y/10 = 15`

⇒ `y/400 = 15 ⇒ y = Rs. 6,000.

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Concept of Compound Interest - When the Time is Not an Exact Number of Years and the Interest is Compounded Yearly
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Compound Interest (Using Formula) - Exercise 3 (D) [पृष्ठ ५४]

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सेलिना Concise Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest (Using Formula)
Exercise 3 (D) | Q 9 | पृष्ठ ५४

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