ram took a loan of 80,000 if rate percent is 10% (a) compounded annually (b) half yearly. fast pls and correct answer I give him and follow
Answers
Answered by
2
Answer:
Step-by-step explanation:
Given - Principal = 80000
Rate of interest = 10%
Time = 1 year
A = P (1+R/100) raised to N
A = 80000 (1 + 10/100) raised to 1
= 80000 x 11/ 10
= 88000
Therefore amount for 1 year is rs. 88000
If the amount is compounded half yearly
88000 ÷ 2
= 44000
Answered by
7
Given - principle = 80000
Rate of intrest = 10 percent
Time = 1yr
A = P ( 1 + R/100 ) RAISED TO N
A = 80000 ( 1+10/100 ) RAISED TO 1
80000 × 11/10
88000
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