Question

Amber borrowed rupees 16000 from a finance
company at 10% per anum compounded
half - yearly. What amount of money will
she have
to pay after one and a half
years
​

Answer 1

Step-by-step explanation:

Amount=P(1+R/100) ^t

Answer 2

Answer:

Solution:-

Principal or P = Rs. 16000

Rate of interest or R = 10 % per annum or 5 % per half year.

Time or n = 1/2 = 18 months  

So,

A = P [1 + R/100]^n

⇒ 16000 [1 + 5/100]³

⇒ 16000 × 105/100 × 105/100 × 105/100

= Rs. 18522   Answer.