Question

hi,. please answer the question ​

Answer 1

Answer:

Step-by-step explanation:Given principal P = Rs 2400, Rate of interest = 6¼% per half year = 25/4%

Recall that  

(1)   Here n = 2 as the interest is compounded half yearly.

Thus amount of debt at the ehope u nd of one year is Rs 2709.40 (nearly)

(2) Time period = 1 ½  years hence n = 3 as interested is compounded half yearly

Thus amount required to clear off the debt is Rs 2878.70 (nearly)

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