Question

Sania took a loan of Rs. 80000 from a bank. If the rate of interest is 10% per annum. Find the
amount she need to pay after
1/1/2 year , if the interest is compounded annually.

Answer 1

p=80000

r =10% per year

=0.1

n=1.5 years

A = p(1+r)ⁿ

= 80000*((1+0.1)^(1.5))

= 92295.18/-