Question

A loan of Rs 2550 is to be paid back in two equal half - yearly installments . How much is each installment  if the interest is compounded half - yearly at 8% p.a.?​

Answer 1

Answer:

1377 is the installment per 6 months

Step-by-step explanation:

1 percentage is equal to 2550/100=25.5

50 % is equal to 1275

the percentage of interest is 8 percent per year

then the percentage of interest for 6 months is 4

There by he want to pay 54% of actual amount he taken

54*22.5=1377