ahmed took a loan of ₹16000 against a fixed deposit to purchase a scooter. if the rate of interest is 10% p.a. compounded half -yearly . find the amount that he pays after one and a half years.
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Principal=rs.16000
r=10%p.a.= 10\2= 5% half yearly
t= one and a half year=3 half years
A=p[1+r\100]^n
=16000(1+5\100)^3
=16000×(105\100)
=16000×1,157,625\1,000,000
=18522000\1000
=rs. 18522
r=10%p.a.= 10\2= 5% half yearly
t= one and a half year=3 half years
A=p[1+r\100]^n
=16000(1+5\100)^3
=16000×(105\100)
=16000×1,157,625\1,000,000
=18522000\1000
=rs. 18522
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