Question

6. Geeta borrowed 15,000 for 18 months at a
certain rate of interest compounded semi-
annually. If at the end of six months it
amounted to 15,600; calculate :
(i) the rate of interest per annum.
(ii) the total amount of money that Geeta
must pay at the end of 18 months in
order to clear the account.
- Ramesh invests 12.800 for three mon
​

Answer 1

Answer

i- rate℅=4

ii- total amount= rs.16800