Question

Bela took a took a study loan of ₹10000 at 12% per annum compounded half yearly for a year .how much did she pay at the end of the year.

Answer 1

Answer:

Answer:

= ₹112360

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

Step-by-step explanation: