shivani borrowed rs.70000 from a bank to buy a TV at the rate of 15% per annum compounded annually. what amount would she pay back at the end of 1 year and 6 months to clear the loan?
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Amount = P[1 + r/100]^1 [1+ 1R/2/100]
= 70000[ 1+ 15/100] [1 + 15/200]
=70000[1 + 3/20][1 + 3/40]
= 70000*23*43/ 20*40
= 700*23*43/2*4
= Rs. 86537.5
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