Question

sonu purchased t.v set a 12800 from a shopkeeper at 25/2% compound interest half yearly.he returned the principal and interest after 1 year. what is the amount he had to pay to clear the bill.

Answer 1

P=Rs 12800
R=25/2℅ half yearly
=25℅ annually
T=1yr
A=P(1+R/100)^T
=12800(1+25/100)^1
=12800(5/4)
=12800×5/4
=16000rupees