Question

Raghu borrowed Rs 25000 at 20% p.a. compounded half yearly.What amount of money will discharge his debt after 112 years?


Rs 28,275



Rs 36,275



Rs 33,275



Rs 28,000​

Answer 1

Answer:

A=P(1+r)

t

Here,

A= Final Amount

P= Principal

r= Rate of interest

t= Time (years)

Given that amount is compounded half yearly,

1.5 years would include 3 cycles.

t=3

P=25000

r=

2

20%

=0.1 (∵r=20%p.a. so r = 10% half yearly)

∴A=25000(1.1)

3

= Rs. 33275

Step-by-step explanation:

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