Question

Pls answer it correctly those who answer them I will follow them​

Answer 1

Explanation:

Mr. Akash needs Rs.7,50,000 as loan for higher studies of his son. He wants to repay full amount after 5 years. What will be the paid amount after 5 years if rate of interest in Cooperative Bank is 6% per annum compounded half yearly. Also find the outstanding amount after 3 years if he repays Rs.1,00,000 at the end of each year where rate of interest is 6% per annum compounded annually.