Mukesh borrowed rs 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 the interest is compounded half yearly
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if the the interest is compounded half yearly
then rate = 12/2= 6%
and time =3/2×2=3
principal = 75000 rs
interest =p× r×t/100
=75000×6×3/100
=13500 rs.
then amount = p + interest
=75000+13500
=88500rs
is the amount.
if the the interest is compounded half yearly
I hope its help you plzz follow me
then rate = 12/2= 6%
and time =3/2×2=3
principal = 75000 rs
interest =p× r×t/100
=75000×6×3/100
=13500 rs.
then amount = p + interest
=75000+13500
=88500rs
is the amount.
if the the interest is compounded half yearly
I hope its help you plzz follow me
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