Answer:
→ successive Rate of 20% for 2 Years = 2*20 + (20*20/100) = 40 + 4 = 44%.
And, when interest is compounded semi - Annually,
→ Rate = (20/2) = 10% .
→ Time = 2 * 2 = 4 Years.
So,
→ successive Rate of 10% for 4 Years = (2*10 + (10*10/100) = 21% Now, => 21*2 + (21*21/100) = 42 + 4.41 = 46.41% .
A/q,
→ (46.41%) - 44% = 482
→ 1% = (482/2.41)
→ 100% = (482/2.41) * 100 = Rs.20000 (Ans.)
Step-by-step explanation:
Answer from Gauth math
