Raghu borrowed₹25000 at 20% p.a.
compounded half yearly. What amount of money Will discharge his debt after one one by four
years
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Answer:
Raghu borrowed RS. 25,000
compound intrest =20 % half yearly
we have to compound first 1 year and then 1/4 as simple intrest
A=P(1+r/100)
A=2500*(1+20/100)
A=2500*120/100=RS.3000/-
1/4 year =1/4*12=3months
3000*1/4*20/1*1/100=RS.150/-
he has to pay RS.3000+150
=RS.3150
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