ankita borrowed ₹ 57,600 from finance company at 12½% per annum to build a restaurant. find the amount that she pays to the finance company after 1 year, if the interest is paid half yearly
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Ankita borrowed from finance company = 57,600 Rate of interest = 12.5% 57600+ 12.5% of 57600 57600 + 7,200 64,800
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P= Rs.57600
R=12½ %p.a.
T=1year
'n' means number of year
*compounded half-yearly
A = P(1+R/100)^n
A = 57600(12.5/200)^2
A = 57600(1/8)^2
A = 57600×1/8×1/8
A = Rs.9000
R=12½ %p.a.
T=1year
'n' means number of year
*compounded half-yearly
A = P(1+R/100)^n
A = 57600(12.5/200)^2
A = 57600(1/8)^2
A = 57600×1/8×1/8
A = Rs.9000
suhana3321:
formula is A=P(1+R/100)^n
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