Riya borrowed 15.000 at 5% per annun for 1 year compounded half-yearly. Find the amount and interest which I have to pay at the end of 1 year.
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Answer:
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Answered by
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Answer:
Step-by-step explanation:
P = 15000
T = 1yr half yearly
R = 5%
I1 = (15000 x 1/2 x 5)/100
= 375 Rs.
P2 = 15000+375 = 15375
I2 = (15375 x 1/2 x 5)/100
= 384.375 Rs.
C.I = 15759.375 - 15000
= 759.375 Rs.
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