Question

Arun took a loan of ₹12800 for one year 15/2% per annum compounded semi annually. find the amount he has to pay after one year

Answer 1

Answer:

Rs 13778

Step-by-step explanation:

Given Arun took a loan of ₹12800 for one year 15/2% per annum compounded semi annually. find the amount he has to pay after one year

We know P = 12,800 n = 1 year (half yearly )= 2 times, r = 15/2% Interest is semi-annually so it will be r = 15/4%

We have Amount = P(1 + r/100)^n

                  A = 12800(1 + 15/4/100)2

                 A = 12800(400 + 15/400)^2

                A = 13,778

So amount will be 13,778.

Answer 2

Step-by-step explanation:

P - 12800

R - 15/2 = 15/4

T - 1 year = 4 quater

A = P(1+R/100)^4

1. 12800(1+15/400)^4
2. 12800(400+15/400)^4
3. 12800(415/400)^4
4. 12800×415/400×415/400×415/400×415/400