Mr Lal borrowed a sum of 18,000 from a finance company at the rate of 18% p.a. compounded half-yearly for
18 months. Find the amount and the compound interest Mr Lal will pay.
Answers
Answered by
2
Answer: Compound interest=1.18 and amount=29574.58
Step-by-step explanation:
total time = 18 months = 1 and a half years = 3 half years.
100+18=118/100=1.18 (multiplier/the compound interest)
18,000 x (1.18)^3
= 29574.576 = 29574.58
Answered by
2
Answer:
₹23310.52,₹5310.52
Step-by-step explanation:
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