Question

Alicia took a loan of rupees 65000 from a bank if the rate of interest is 10% per annum find the difference in the amount she would be paying after one and a half years if the interest is compounded annually and compounded half yearly​

Answer 1

Answer:

P=65000

R=10%

T=1

Formula of SI=P×R×T÷100

=65000×10×1÷100

6500

compounded half yearly

P=65000

R=10÷2=5%

T=2×1=2

Formula=A=P(1+R÷100)^T

A=65000(1+5÷100)^2

71662.5

compound interest=A-P

71662.5-65000

6662.5 Answer

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