anirudh took a loan of ₹ 8192 from praveen to buy a washing machine at 12.5% p.a. compounded half yearly. the loan was repaid after 3/2 years . claulate the amount that anirudh had to pay to clear the loan ??
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Answer:
THE AMOUNT TO BE PAID IS ₹9826
Step-by-step explanation:
PRINCIPAL=₹8192
RATE%=12.5%
TIME=3/2 YEARS
SO,
WE KNOW,
A=P(1+R/200)^2N
=8192(1+125/2000)^2*3/2
=8192(17/16)^3
=₹9826
I HOPE YOU UNDERSTOOD THE QUESTION
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