Question

Michael borrowed₹ 16000 from a finance company at 10% per annum compounded half yearly what amount of money will discharge his debate after 1 vol 1 Bata 2 years ​

Answer 1

Answer:

ANSWER

Principal amount (P)=Rs.16000

Rate of interest, (R)=10% per annum or 5% per half year.

Time (n)=1

2

1

=

2

3

years.

∴A=P(1+

100

R

)

n

⇒=16000(1+

100

5

)

3

⇒=16000×(

100

105

)

3

⇒=Rs.18522

Answer 2

$\tt\small{Principal \:amount \:(P)\:=\:Rs.\:16000}$

$\tt\small{Rate \:of \:interest, \:(R)\:=\:10\: \%\:\:per\:annum\:or}$$\tt\small{ 5\: \% \:\:per\: half \:year.}$

$\tt\small{Time\:(n)\:=1}\tt\small\frac{1}{2}\:\tt\small{=}\:\tt\small\frac{3}{2}\:years.$

$\tt\small{∴\:A\:=\:P}\:\tt\small{[1\:+}\:\tt\small\frac{R}{100}]\:\tt\small{}^{n}$

$\tt\small{=\:16000}\:\tt\small{[1\:+}\:\tt\small\frac{5}{100}]\:\tt\small{}^{3}$

$\tt\small{=\:16000\:༝}\:\tt\small{[}\frac{105}{100}]\:\tt\small{}^{3}$

$\tt\small{=\:Rs.\:18522}$

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