Mukesh borrowed ₹75000 from a bank.If the rate of interest is 12% per annum,find the amount he would be paying after 1and half years if the interest is.
(1) Compunded annually
(2)Compounded half yearly
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Answered by
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1. p=75000rs
r=12%
t=1 1/2
a=p(1+ r/100)^t
a=75000(1 +12/100)^1 1/2
then you can solve by subtracting p from a
2.you can found by the formula
a=p(1+r/200)^2*t
then subtract p from a
r=12%
t=1 1/2
a=p(1+ r/100)^t
a=75000(1 +12/100)^1 1/2
then you can solve by subtracting p from a
2.you can found by the formula
a=p(1+r/200)^2*t
then subtract p from a
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3
Answer: don't know
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