Question

Anita borrowed Rs. 50000 for 1 year 5 months at 5% p.a compounded annually.How much money will she have to pay back to settle the account?​

Answer 1

Borrowed sum=Rs 50000

CI for first year = 50000x5/100=2500

CI+Loan = 52500

Cl. for 5 mos=52500x5x5/12x100

Rs.1094

Cl for 1yr and 5 months =52500+1094= Rs.53594

Answer 2

Step-by-step explanation:

First we will find amount for 1 year

principal=Rs 50000

rate=12%

n/time=1yr

a=p[1+r/100] raised to n

=50000[1+12/100] raised to 1

=50000[1+3/25]

=50000 into 28/25

=Rs56000 is amount for 1 yr

for remaining 5 months=5/12

56000 into 5 into 12 divided by 100 into 12

=Rs2800

Therefore Anita has to pay 56000+2800

=58800 Rs

Hope this helps you

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