Question

Raman borrowed Rs. 10,000 at 10 % p. a. compounded half yearly. What amount of money will he pay back his debt after 1year and 6 months?

Answer 1

❗ ANSWER ❗

A sum of Rs 10,000 is borrowed at a rate of interest 15% per annum for 2 years. Find the simple interest on this sum and the amount to be paid at the end of 2 years.

Solution :

On Rs 100, interest charged for 1 year is Rs 10

So, on Rs 10,000, interest charged = «math

Amount to be paid at the end of 2 years = Principal + Interest

Hope it's helpful dear........

mehakbhatia45 ⚠️