Question

a loan of rs 15000 is borrowed for one and a half years at 10%pa compounded half yearly find the amount to be repaid

Answer 1

Answer:

P = Rs 15000

P = Rs 15000 R = 10% = 10/2 = 5%

P = Rs 15000 R = 10% = 10/2 = 5%T = 1 year. +1/2 year

P = Rs 15000 R = 10% = 10/2 = 5%T = 1 year. +1/2 year In one year ,there are two half year

P = Rs 15000 R = 10% = 10/2 = 5%T = 1 year. +1/2 year In one year ,there are two half year n. = 2+1. = 3

Amount = Principal (1 +R/100)^n

Amount = 15000(1+5/100)^3

Amount = 15000 (105/100)^3

Amount=15000* 21/20 *21/20 * 21/20

Amount= Rs17,364.37

Rs 17,364.37 is to be repaid

Answer 2

Answer:

your answer is given above

Step-by-step explanation:

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