Anuj took a loan of ₹50000 from a bank. If the rate of interest is 10% p.a.,find the amount he would be repaying after 1(1÷2) years, if the interest is:
a. compounded annually.
b. compounded half-yearly.
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P-50000rs
R-10%
T-1year=(1÷2)=6months
principal=(1+r/100)t
=(1+10/100)1
=(110/100)
=(11/10)
=1.1 compound annually
R-10%
T-1year=(1÷2)=6months
principal=(1+r/100)t
=(1+10/100)1
=(110/100)
=(11/10)
=1.1 compound annually
noce
nice
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