Question

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

Answer 1

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