Question

sali took a loan of rupees 18000 from Bank to purchase a TV set if the company charges compound interest at 12% per annum during the first year and 12 and half percent per annum during the second year how much will she have to pay after 2 years​

Answer 1

Answer:

157464

Step-by-step explanation:

Present value = Rs.18000

Interest rate for 1st year, p = 12 % per annum

Interest rate for 2nd year, q = (25/2) % per annum

Time = 2 years

Amount (A) = P × (1 + p/100) × (1 + q/100)

A = 18000 × (1 + 12/100) × [1 + (25/2)/100]

= 18000 × (112/100) × [1 + 25/200]

= 18000 × (112/100) × [1 + 1/8]

= 18000 × 112/100 × 9/8

= 180 × 112 × 9/8

= 180 × 14 × 9

= 22680

∴ Amount = Rs.22680

∴ Shubhlaxmi has to pay Rs. after 2 years.

Answer 2

Step-by-step explanation:

answer is given above

hope u like it