Question

David took a loan of 40,000 from a bank. If the rate of interest is 20% per annum, find the amounts
he will have to pay to the bank after 1 year, if the interest is
a. compounded annually
b. compounded half yearly

Answer 1

Answer:

A.) Compounded Annually- ₹48,000.

☆B.) Compounded Half Yearly- ₹48,400.

Step-by-step explanation:

Answer 2

Appropriate Question :-

• David took a loan of 40,000 from a bank. If the rate of interest is 20% per annum, find the amountshe will have to pay to the bank after 1 year, if the interest is :-

• a. compounded annually

• b. compounded half yearly

Required Answer :-

Principal => ₹ 40,000

Rate => 20%

Time => 1 Year Amount => Principal[1+R/100]^time

=> 40,000[1+20/100]^1

=> 40,000[5+1/5]^1

=> 40,000×6/5

=> 8,000×6

=> 48,000 ( Final Answer)

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