Kiran took a loan of 12800 rupees for 1 year at 15 / 2% per annum compounded semi annually
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A = p (1 + (r/n) )^(nt)
where p=pricipal, r=rate, n=number of compounding periods t=years
p=12800
r=15/2% annually =1/2*15/2%=7.5/2% semi annually
T=2half year
A = 12800 ( 1 + (7.5/200))^2
A = 13778
where p=pricipal, r=rate, n=number of compounding periods t=years
p=12800
r=15/2% annually =1/2*15/2%=7.5/2% semi annually
T=2half year
A = 12800 ( 1 + (7.5/200))^2
A = 13778
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