7. David took a loan of 40,000 from a bank. If the rate of interest is 20% per annum, find the amounts
he will have to pay to the bank after 1 year, if the interest is
a. compounded annually
b. compounded half yearly
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3
Answer:
☆A.) Compounded Annually- ₹48,000.
☆B.) Compounded Half Yearly- ₹48,400.
15anu:
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Answered by
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A ) . 48,000
B ) 48,400
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