Question

Raghu borrowed₹25000 at 20% p.a.
compounded half yearly. What amount of money Will discharge his debt after one one by four
years

Answer 1

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

Step-by-step explanation: