Math, asked by rahmatfatima2711, 3 months ago

Mukesh borrowed ₹75000 from a bank. If the rate of interest is 12% per annum, find the amount he would be paying after 3/2 years if the interest is compounded annually

Answers

Answered by sureshgowda24244

7

Answer:

P=75000

R=12%

T= 2/3 year

when compounded annually,

A=P(1+ 100R ) T75000(1+ 10012 ) 23

=Rs.88897.2

when compounded half yearly,

A=P(1+ 200R ) 2T75000(1+200/12 ) 2× 23

Rs.=89326.2

Step-by-step explanation:

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