ritu started a businedd and borrowed a certain sum at 14% per annunfor 1year the interest being compounded semi annually ifshecleared tge account by rs 1831.84 after one month find the sum borrowed by ritu
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A=1831.84
T=1yr
=2halfyr
R=14%pa
=7%pha
A=P(1+R/100)^t
:1831.84=P(1+7/100)^2
:1831.84=P(107/100)^2
:P=1831.84*100/107*100/107
:P=16*100
:P=1600
therefore,Ritu borrowed Rs1600
T=1yr
=2halfyr
R=14%pa
=7%pha
A=P(1+R/100)^t
:1831.84=P(1+7/100)^2
:1831.84=P(107/100)^2
:P=1831.84*100/107*100/107
:P=16*100
:P=1600
therefore,Ritu borrowed Rs1600
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