Mukesh borrowed $75000 from a book. If the rate of interest is 12% p.a, find the amount he would be paying after 1 1/2 years if the interest is-----
i). Compounded Annually
ii). Compounded Half-Yearly.
Answers
Answered by
1
Answer:
compound annually.
will be the answer.
Hope you understand.
Answered by
0
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
hope it helps u ☝
Step-by-step explanation:
pls mark me as brainlist pls
Similar questions