Anirudh took a loan of rupees 8192 from Pravin to buy a washing machine at 12.5%p.a. compounded half yearly. The loan was repaired after 1/2 years. Calculate the amount that Anirudh had to pay to clear the loan
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Answered by
37
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
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43
Answer:
this is my answer
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