Question

PLEASE HELP ME TO SOLVE THIS QUESTION....
NOTE -: DONT SPAM
1) Michael borrowed ₹16000 from a finance company at 10% per annum , compounded Half - Yearly . What amout of money will discharge his debt after
1 1/2 years...?
please don't spam orelse be reported...​

Answer 1

Answer:

Principal amount (P)=Rs.16000

Rate of interest, (R)=10% per annum or 5% per half year.

Time (n)=1 1/2 = 3/4years.

∴A=P(1+ R/100)n

⇒=16000(1+5/100)³

⇒=16000×( 105/100)³

⇒=Rs.18522

Answer 2

Answer:

=Rs.18522

Step-by-step explanation:

Principal amount (P)=Rs.16000

Rate of interest, (R)=10% per annum or 5% per half year.

Time (n)=1 ¹/2 =3/2 years

∴A=P(1+ R/100)n

⇒=16000(1+ 5/100)³

⇒=16000×( 105/100)³

⇒=Rs.18522