Sanju took a loan from the bank to buy a motorcycle at the rate of 15% per annum compounded half-yearly. He paid a compound interest of Rs 15,507 after 1 1/2 years. Find his loan amount.
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Step-by-step explanation:
15% = 15/100 = 3/20
Compound interest = 15,507 after 1 1/2 years it will be = 15507 ÷ 1 1/2 × 3/20 .....then you will get the answer
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