Anita borrowed RS 5000 from a bank for 1 1/2 at 12% p.a compounded annually. calculate the amount she has to return to the bank at the end of 1 1/2
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5936
Step-by-step explanation:
12% = 3/25
25 units => 5000 => 1 unit = 200
A after 1 yr=28 units = 28×200 = 5600
rate for next 1/2 yr = 12/2 = 6%
A after 1 1/2 yr = 5600 + 6/100*5600
= 5936
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