Question

Munna Michael borrowed Ra. 16000 from a finance company at 10% p. a. compounded half yearly. What amount of money will discharge his debt after 1 .5 years?

Answer 1

                16000

First half      Second half       Third half

1600                  1600                    1600

                           160                      160

                                                        160

                                                          16

Total = 1600 + 1600 + 1600 + 160 + 160 + 160 + 16

       =   5296  

16000 + 5296 = 21296  this amount will discharge his debt after 1.5 years

Answer 2

Answer:

here's your answer. .....