Question

Sanjay borrowed 7000 from his bank for 1.5 years at 11% per annum compounder anually. Find the amt. he has to return at the end of 1.5 years

Urgent please! Answer with explanation and I will mark u as brainliest​

Answer 1

Answer:

8155

Step-by-step explanation:

Given :

p=7000

t=1.5 = 3/2 = 1$\frac{1}{2}$

r=11%

this means compound intrest for 1 year then simple intrest for 1/2 years

amount =7000(1+11/100)^1=7770

si after 1/2 years = (7000*1/2*11)*1/100 = 385

therefore total amount = 7770+385 =8155