Mathematics, 19.05.2021 09:00 Jreye77

a person deposits rs 55000 in bank p for 2 years at the rate of 10% per annum compounded annually .but after one year , bank has changed the policy and decided to pay semi annual compounded interest at the same rate .what is the percentage difference between the compound interests of the first year and second year

Answers: 1

Show answers

Answers

The interest generated the first year will be 10% of the principal value, while the second year said interest will be 10.25%.

Step-by-step explanation:

Given that a person deposits Rs 55000 in Bank P for 2 years at the rate of 10% per annum compounded annually, but after one year, bank has changed the policy and decided to pay semi annual compounded interest at the same rate, to determine what is the percentage difference between the compound interests of the first year and second year, the following calculation must be performed:

Year 1 =

55,000 x (1 + 0.1 / 1) ^ 1x1 = X

55,000 x 1.1 = X

60,500

Year 2 =

60,500 x (1 + 0.1 / 2) ^ 1x2 = X

60,500 x 1.05 ^ 2 = X

66,701.25 = X

55,000 = 100

60,500 = X

60,500 x 100 / 55,000 = X

110 = X

60,500 = 100

66,701.25 = X

66,701.25 x 100 / 60,500 = X

110.25 = X

Therefore, the interest generated the first year will be 10% of the principal value, while the second year said interest will be 10.25%.

Answer from: Quest

answer: 45

Answer from: Quest

Intersecting secant-tangent theorem states that if a tangent segment and a secant segment are drawn to a circle from an exterior point, then the square of the measure of the tangent segment is equal to the product of the measures of the secant segment and its external secant segment.so to break it down: 1. pq acts as the tangent and ps as the secant with an intersection at p.sr = 21rp = 3x + 3pq = 4x + 4following to equation: tangent squared = the two segments multiplied by each otherso (4x + 4) ^ 2 = (3x + 3) • (21) simplifies to 16x^2 - 31x - 47 = 0 or (16x - 47)(x + 1) x = -1 or x = 47/162. pq acts as the tangent and ps as the secant with an intersection at p (again! )sr = 16rp = xpq = 15(15) ^ 2 = 16 • x225 = 16xx = 225/163. the interesting chords are proportional to each other so a ratio is possible to set up: ap dp 10 3 + x = = —— = pc pb 8 xcross multiple to get 10x = (3 + x)(8)x = 12

Another question on Mathematics

Mathematics, 21.06.2019 17:00

Two streets intersect at a 30- degree angle. at the intersection, the are four crosswalks formed that are the same length. what type of quadrilateral is formed by the crosswalks?

Answers: 3

Answer

Mathematics, 21.06.2019 18:30

The square pyramid has a volume of 441 cubic inches. what is the value of x? 1/7x is the height x is the base

Answers: 2

Answer

Mathematics, 21.06.2019 19:50

Given that abcd is a rhombus, what is the value of x?

Answers: 3

Answer

Mathematics, 21.06.2019 20:30

Someone answer asap for ! michele pushes a box d meters across a floor. she uses a force f, in newtons, to push the box. she pushes the box for t seconds. the formula p = fd/t calculates the power, p, in watts, that it takes for michele to complete the task. solve the formula for d.

Answers: 2

Answer

You know the right answer?

a person deposits rs 55000 in bank p for 2 years at the rate of 10% per annum compounded annually .b...

Questions

Mathematics, 22.02.2022 14:00

In research about the population of a county with 100,000 inhabitants, a sample of 3000 households was selected to be interviewed. For 1200 of the 300...