Bela took a study loan of Rs. 100000 at 12% per annum compound half-yearly for year. how much did she pay at the end of the year
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Step-by-step explanation:
principal =Rs 100000
rate = 10%/2=5%
time= 1×2 years =2 years
A=P(1+R/100) ^t
= Rs100000 (1+5/100)^2
=Rs100000(100+5/100)^2
= Rs100000 ×105/100 × 105/100
=Rs 110250
she has to pay Rs 110250 at the end of the year
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• According to given question :
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