Question

Bela borrowed rs 25000 from a finance company to start her boutique at 20% per annum compounded half yearly.what amount of money will clear her debt after 3/2?

Answer 1

hii mate !!

bela borrowed rs = 25000

25000(1+.2/2)^(2* 3/2) = 33275

hope it helps !!☺☺☺

Answer 2

Answer:

Amount of money = Rs. 33275

Step-by-step explanation :

Principal (P) = Rs. 25000

Rate = 20%

n is no. of times interest is compounded so, n = 2

$\text{Time = }\frac{3}{2}\thinspace years\\\\Amount = P\cdot (1+\frac{rate}{n\times 100})^{n\cdot time}\\\\Amount = 25000\cdot (1+\frac{20}{2\times 100})^{2\times \frac{3}{2}}\\\\Amount =25000\cdot (1+\frac{1}{10})^3\\\\Amount = 25000\cdot (\frac{11}{10})^3\\\\\implies Amount = 33275$

Hence, Required amount of money for clearing debt = Rs. 33275