Question

Mu eest, what extra amount
6. Mukesh borrowed * 75000 from a bank. If the rate of interest is 12% per annum, find
the amount he would be paying after 1 whole1/2if the interest is
(1) compounded annually
(ii) compounded half-yearly.
7. Aryman invested 10000 in a
1
2​

Answer 1

Answer:

Hey ✌

If Mukesh borrowed 75,000 from a bank and the rate of interest is 12% per annum,

Then , 12% of 75,000

=> ₹(12 × 75,000 / 100)

=> ₹(12 × 750)

=> ₹9,000

Total interest per annum = ₹(75,000+9,000)

= ₹ 84,000

In one and half years = ₹ (84,000 + 42,000)

= ₹ 1,26,000

Compound interest = 12% of 84000

= ₹ 10080

Compounding annually = ₹ (10080 + 84000)

= ₹ 94080

Step-by-step explanation:

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