Question

Ramesh took a loan of 80,000 rupees for 3½ years at 4% per annum compounded half yearly. Find amount he have to return to bank.​

Answer 1

Answer:

P= 80000

R = 10 % ‘

after first year amount = 88000

10 % rate compounded annually

If we paid 55000 at the end of the 2nd year it means we paid 110 % of amount left after paid certain from the 1st year . C.I always calculated on previous year amount

= \frac{55000}{110} \times 100 = 50000

So that certain amount is paid after first year then the remaining amount is equal to 50000.

i.e the certain amount paid after 1st year is equal to the = 88000 -50000= 38000

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

P= 80000

R = 10 % ‘

after first year amount = 88000

10 % rate compounded annually

If we paid 55000 at the end of  the 2nd year it means we paid 110 % of amount left after paid certain from the 1st year . C.I always calculated on previous year amount



So that certain amount is paid after first year then the remaining amount is equal to 50000.

i.e the certain amount paid after 1styear is equal to the