mukhesh borrowed 75000 from a bank if rate of interest is 12% per annum find the amount he would be paying after 1/1/2 years if the interest is 1 compound annually 2 compound half yearly
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Answer:
$88897.2
Step-by-step explanation:
P=75000
R=12%
T= 2/3 years
when compounded annually,
A=P(1+ 100R ) T
75000(1+
12/100) 3/2
=$88897.2
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