Question

A man bomowed 16,000 for 3 years under
the following terms:
20% simple interest for the first 2 years.
20% CI for the remaining one year on the
amount due after 2 years, the interest being
compounded half-yearly.
Find the total amount to be paid at the end
of three years.​

Answer 1

Answer:

27104 is answer

Step-by-step explanation:

si for 2 years,

$prt \div 100 = si$

16000*20*2/100=6400

amount after 2 years be,

16000+6400=22400

$formula \: for \: ci \: {half \: yearly} \\ a = p{(1 + \frac{r}{100} )}^{2n}$

CI for next 1 year,

put p=22400, r=20, n=1

27104