Question

A farmer borrowed ₹80,000 from a landlord at the rate of 10% per annum compounded half yearly. (a) How much amount the farmer will pay to clear his debt after 1½years? (b) Due to some calamity the yield was poor. Seeing the condition of farmer, the landlord waived off the interest. 


please answer​

Answer 1

Answer:

12000

Step-by-step explanation:

Answer 2

Answer:

P= 80000

R = 10 % ‘

after first year amount = 88000

10 % rate compounded annually

If we paid 55000 at the end of the 2nd year it means we paid 110 % of amount left after paid certain from the 1st year . C.I always calculated on previous year amount

= 55000

---------------. ×. 100 =. 50000

110

So that certain amount is paid after first year then the remaining amount is equal to 50000.

i.e the certain amount paid after 1st year is equal to the = 88000 -50000= 38000