A land lard borrows Rs. 11.000. How much he has to
repay after 4 years to clear off the debt if the
interest 12%. is compounded half-yearly?
find also how much he would have repaid of the
interest had been compounded.
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Answer:
Explanation:
Interest=P*T*R/100
=11,000*4*12/100
=5,28,000/100
=Rs.5,280
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