Question

Anirudh took a loan of rupees 8192 from praveen to buy a washing machine at 12.5% p.a.compounded half yearly.The loan was repaid after 1 whole 1/2 years.Calculate the amount that anirudh had to pay to clear the loan​

Answer 1

Answer:

Rs 8704

Step-by-step explanation:

Loan amount taken by Anirudh from Pravin = Rs 8192

So, Principle Amount (P) = Rs 8192

Rate (R) = 12.5% = 12 1/2% = 25/2%

Time = 1/2 years

The Interest is compounded half-yearly

Compound Interest (C.I) = PTR/100

                                      = (8192 x 1/2 x 25/2) / 100

                                      = Rs 512

Therefore, the loan amount paid by Anirudh in 1/2 year = Principle Amount (P) + Compound Interest (C.I)

= Rs 8192 + Rs 512

= Rs 8704

Answer 2

Answer:

8704

Step-by-step explanation:

Anirudh took a loan from pravin = 8192

R=12.5% 1/2 12/2

T=1/2

(8192 x 1/2 x 25/2)/100

= 512 rs

8192+512 =8704