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 1years

Answer 1

Here is your answer
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Answer 2

hey !! your answer !!

principal= rs 25000

rate = 20%

     =20/2= 10%

time = 1

       =1 x 2 = 2

amount = principal( 1+rate/100)^t

            =25000(1+10/100)^2

L.C.M

             =25000(100/100+10/100)^2

             = 25000(110/100)^2

             =25000 x 110/100 x 110/100

            = Rs30,250