Question

2) Jackson took loan of Rs 20
75,000 from a bank to buy a
new car at the rate of 7 p.c.p.a.
How much amount he will pay
to the bank at the end of the
year?​

Answer 1

Answer:

P=75000

R=12%

T=

2

3

years

when compounded annually,

A=P(1+

100

R

)

T

75000(1+

100

12

)

2

3

=Rs.88897.2

when compounded half yearly,

A=P(1+

200

R

)

2T

75000(1+

200

12

)

2×

2

3

Rs.=89326.2

Step-by-step explanation:

try this one

Answer 2

Answer:

Rs.35,550

Step-by-step explanation:

just a random answer