Question

Mr Arora borrowed rs 40960 from a bank to start a play school.if the bank charges 25/2% per annum compounded half-yearly, what amount will he have to pay after 3/2 year?

Answer 1

Answer:

RS.8170

Step-by-step explanation:

principal=40960

rate=25/2

time=3/2 years

Answer 2

Answer:

Step-by-step explanation:

Thank you for asking this question. Here is your answer:

P = 40960

R = 25/2 %

T = 3/2 years

Compounded half yearly

A = P( 1 + R/100)⁷

R = 25/2 x 1/2

T = 3/2 x 2

A = 40960(1+ 25/2 x 1/2 x 1/100) ^ 3/2 x 2

= 40960 ( 1 + 1/16) ^3

= 40960 (17/16)^3

A = 40960 x 17/16 x 17/16 x 17/16

= 10 x 17 x 17 x 17

A = 49130

49130 is the final answer for this question.