Aditi agrees to lend Rs. P as a loan to her
friend Sid at an interest rate of R % per annum.
Also, Aditi wants the tenure of the loan to be a
multiple of 6 months. So, if Sid fails to repay
the loan after the first six months, the interest
for those six months will be added to the
original principal to get the new principal and
the interest for the next six-month period will
be calculated on this new principal. This
process will be repeated after every six-month
period if Sid fails to repay the loan then. Find
the amount that Sid will owe Aditi if he can
repay the loan after
a) the first 6 months
b) the first year
c) 'n' years
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Answer:
the first 6 months
Step-by-step explanation:
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