Question

arun took loan of RS 12809 for one year at rate of 15/2 % per annum compaonded semi annually find amount he have to pay after 1 year

Answer 1

The amount is 28773%

Answer 2

$<i><font face=Copper black size=4>$Given,

P = Rs 12809

R = 15/2 %

T = 2 years

Since compounded semi annually

A = P × ( 1 + R/200 ) ^2T

= Rs 12809 × ( 1 + 15/200 × 2 ) ^2×1

= Rs 12809 × ( 1 + 3/80) ^2

= Rs 12809 × 83/80 × 83/80

= Rs 13787.68