took a loan of 50.000 from a bank. If the
rate of interest is 10% pa. find the amount he
would be repaying after
1 1/2year, if the interest is
* compounded annually
compounded half-yearly
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A=P(1+i)^n
If it is 50
a)compounded annually
n=3/2,i=0.1
A=50(1+0.1)^3/2
A=57.7
b)if it is compounded semi anually
n=3, i=0.1/2=0.05
A=50(1+0.05)^3
A=50(1.57625)
A=57.88
If it is 50,000
a)compounded annually
n=3/2,i=0.1
A=50,000(1+0.1)^3/2
A=57,684.48
b)if it is compounded semi anually
n=3, i=0.1/2=0.05
A=50,000(1+0.05)^3
A=50,000(1.57625)
A=57,881.25
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