Question

neha borrowed Rs64000 from bank for one and half yrs at the rate of 10% per annum.compute the total compound interest payable by neha after one and half yrs,if the interest is compound half yearly.

Answer 1

Principal = rupees 64000
Time = 1/2 years
Rate = 10%
using formula for half yearly
A = P ( 1 + R ÷ 200 ) power 2n
64000 ( 1 + 10 ÷ 200 ) power 2×1÷2
64000 ( 20 + 1 ÷ 20 )
64000 × 21 ÷ 20
answer = rupees 67200

Answer 2

Answer:

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