Question

Shanu took a loan of rupees 60000 from a bank . If the rate of interest is 8% per annum, Find the amount ne would be paying after 3/2 year if the interest is compounded half yearly

Answer 1

Answer:

Hey mate..!!

Gud evening..

Given:

P=60000

R=8%=4%

n=3/2=3 half year

$60000(1 + \frac{4}{100} ) {}^{3}$

$60000 \times \frac{104}{100} \times \frac{104}{100} \times \frac{104}{100} = 67491.84$

Brainliest please

Answer 2

Step-by-step explanation:

60000(1+4/100)

60000x104/100x104/100x104/100

= 67491.84