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in Mathematics by (66.9k points)

A sum of money is lent out at compound interest for two years at 20% p.a., being reckoned yearly. If the same sum of the money was lent Gut at compound interest of the same rate of percent per annum C.I., being reckoned half yearly would have fetched Rs. 482 more by way of interest. Calculate the sum of money lent out.

1 Answer

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by (83.6k points)
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Best answer

Let the principal be Rs.100

Difference between two interest

If difference is Rs.2.41 then principal be Rs.100

If difference is Rs.482 then principal will be 

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