Question

6
would he has to pay?
Mukesh borrowed 75000 from a bank. If the rate of interest is 12% per annum, find
the amount he would be paying after 12 years if the interest is
(1) compounded annually
(ii) compounded half-yearly.
0
num​

Answer 1

Answer:

6

would he has to pay?

Mukesh borrowed 75000 from a bank. If the rate of interest is 12% per annum, find

the amount he would be paying after 12 years if the interest is

(1) compounded annually

(ii) compounded half-yearly.

0

num

Answer 2

Rs.89326.2 answer

Step-by-step explanation:

Given that P=75000

R=12%

T=

2

3

years

To find the amount :

(i) when compounded annually,

A=P(1+

100a

R

)

T

A=75000(1+

100

12

)

2

3

A=Rs.88897.2

(ii) when compounded half yearly,

A=P(1+

200

R

)

2T

A=75000(1+

200

12

)

2×

2

3

A=

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