Question

john purchased a house from a builder for Rs 125000.He paid interest at 12% per annum,compounded half-yearly . What amount will discharge his debt after a year and half ?

Answer 1

C.I.= PRINCIPAL( 1+ RATE/100)^(TIME IN YEARS) -1
      =125000*( 1 + 6/100 )^3 -1
      = RUPEES.23877.
        

SINCE, IN HALF YEARLY RATE BECOMES HALF AND TIME GETS DOUBLED.

Answer 2

Answer:

23877

Step-by-step explanation:

C.I.= PRINCIPAL( 1+ RATE/100)^(TIME IN YEARS) -1

     =125000*( 1 + 6/100 )^3 -1

     = RUPEES.23877.

       

SINCE, IN HALF YEARLY RATE BECOMES HALF AND TIME GETS DOUBLED.