Question

Rachana borrows rupees 12000 at 10% per annum interest compounded half-yearly. She repays rupees 4000 at the end of every six months. Calculate the third payment she has to make at the end of 18 months in order to clear the entire loan

Answer 1

1st year
P= 12000
R 10%
T 1/2 year
Interest =600
Amount = 12600
A left =8600

2nd year
Amt left =5030

3rd half year
Amt =5281.50

Answer 2

Answer:

Step-by-step explanation: