Question
In the diference between the compound interest, compounded every six months, and the simple interest on a certain sum of money at the rate
In the diference between the compound interest, compounded every six months, and the simple interest on a certain sum of money at the rate of 18% per annum for one year is Rs. 54, the sum of money is: (a) 5460 (b) 6982.46 (c) 6666.66 (d) 5984.56 (e) none of these
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
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