Neha took a loan of 50000 rupees at 12 p.c.p.a. to buy a two wheeler. What
mount will she return to the bank at the end of one year?
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Step-by-step explanation:
In case 1:
P=5000
R=25/2%
T=2 year
A=P(1+R/100)ⁿ
=5000(1+25/200)²
=5000(1+1/8)²
=5000*9/8*9/8
=6328.125
In case 2,
P=5000
R=25/2%
T=1 year
A=5000(1+1/8)
=5000*9/8
=5625 Rs.
Total debt=6328.125+5625=Rs. 11953.125
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