Rahul took a loan of 80,000 from a bank if the rate of interest is 10% per and am find the interest she would be paying after one and a half years if the interest is compounded annually
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Answer:
Rs 92400
Step-by-step explanation:
Compounded Annually :
P=Rs.80000
R=10% p.a.
T=1×1/2 years ⟹n=1+1/2
Amount for 1st year.
A=P[1+ R/100]n
=Rs.80000[1+ 10/100]
=Rs.88000
SI on Rs. 88000 for next 1/2 year
=Rs.88000× 10/100×1/2
=Rs.4400
Therefore, Amount = Rs.88000+Rs.4400 = 92400Rs.
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