David took a loan of ruppes 40000 from Bank. of the rate of interest is 20% p.a. find amount he will pay after 1 year of the interest is a.compounded annually b. compounded half yearly
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a. Compounded annually 48000 rupees.
b. compounded half yearly 57600 rupees.
Step-by-step explanation:
- Compounded annually
40000× 120/100
= 400×120
= 48000
- Compounded Half-yearly
40000× 120/100 ×120/100
= 4×120×120
= 57600
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