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lukranit [14]
3 years ago
15

A person deposited Rs. 80,000 in bank 'P' for 2 years at the rate of 10% annual compound interest. But after one year bank has c

hanged the policy and decided to pay semi-annual compound interest at the same rate. What is the percentage difference between compound interests of the first year and second year? Give reason with calculation:​
Mathematics
1 answer:
stellarik [79]3 years ago
4 0

Answer:

compound interest in year 2 is 12.75% than compound interest in year 1. This is because semi annual compounding yield a higher compound interest

Step-by-step explanation:

compound interest = future value - present value

The formula for calculating future value:

FV = P (1 + r/m)^nm

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

m = number of compounding  

compound value in the first year = 80,000(1.1)^1 = 88,000

compound interest = 88,000 - 80,000 = 8,000

compound interest in the second year = 88,000(1 + 0.01/2)^2 = 97,020

compound interest = 97,020 - 88,000 = 9020

Percentage change = (9020 / 8,000) - 1 = 12.75%

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Answer:

∠6 > ∠3 is TRUE.

Step-by-step explanation:

We know that acute angle is less than 90 degree while obtuse angle is more than 90 degree. By looking at the given angles, we can easily determine which angle is obtuse or acute. then we can decide which angle is bigger to find the answer.

∠10 > ∠7

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8 0
3 years ago
Write as an improper fraction 7 2/5
Nana76 [90]

Answer:

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Step-by-step explanation:

4 0
3 years ago
At midnight, the temperature was -8° F. At noon, the temperature was 23° F. Which expression represents the increase in temperat
Mariana [72]

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In this case its absolute value because it has to be positive

6 0
3 years ago
Miri counted her money and found that her 25 coins which were nickels, dimes, and quarters were worth $3.20. the number of dimes
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