bela took a study loan of rs 100000 at 12 prcent p.a compounded half yearly for a year. How much did she pay at tge end of the year?
plz answer as soon as possible
as tomorrow is my exam
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Step-by-step explanation: Here given that
Principal (P) = ₹100000
Rate of interest (I) = 12% half yearly
Time (T) = 1 year = 2 term
Using Compound interest formula
C.I = P[(1+I/100)^T-1]
= 100000*[(1+6/100)^2 - 1]
= 100000* [(106/100)^2 - 1]
= 100000* [(11236/10000) -1]
= 12360
She pay at the end of the year = ₹112360
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