Question

Rohan borrowed 7,000 to renovate his shop at an interest of 30% p.a. compounded half yearly.
(1) How much money should he save in order to return the loan after 3/5
(ii) By how much the loan has been increased after a year?​

Answer 1

Step-by-step explanation:

p =7000

T=1/2

R=30%

=7000 X  1/2 X 30 /100

=1050

SO ANSWER= 1050

Answer 2

Answer:

1050

Step-by-step explanation:

conversation period=1/2

Interest after 6 months=7000×30×1/2÷100 =

70×30÷2

=2100÷2=1050

so answer is 1050