Question

veena borrowed rs 20000 from a money lender at the rate of 4% per annum for 3/2 years compounded half yearly find the amount she has to pay at the end of 3/2

Answer 1

principal =20,000
rate = 4%=2%
time = 1.5 =3 time
a=20000 (102+102+102)/1000000
a=21224.16

Answer 2

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