Question

geeta borrowed rs/15000 for 18 months at a certain rate of interest compounded semi-anually. if at the end of six months it amounted to 15600;calculate:

1.the rate of interest per annum

2.the total amount of money that geeta must pay at the end of 18 months in order to clear the account

Answer 1

this is the answer I hope it is useful for you

Answer 2

Answer:

Hello here's your answer : 1. 8%

2. 16872.96

here I want to inform you that in question it has asked the rate of interest compounded "semi annually " . Which means we have to calculate the rate of interest half yearly .

if you have any more doubt than comment me .

hope u be happy with this answer.

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