What amount has to be paid on a loan of Rs.12000 for 15 years at 10% per annum 2 compounded half yearly?
Answers
Answered by
1
Answer: Loan amount = Rs 12,000
Period = 3 ( years is 3 half yearly)
Interest rate = 10% [percent]
Amount to be repaid = 12000( 1 + 0.)³
Amount to be repaid = Rs 13,891.50 [answer]
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Answered by
0
Answer:
13,891.50
Step-by-step explanation:
Loan amount = Rs 12,000
Period = 3 ( years is 3 half yearly)
Interest rate = 10% [percent]
Amount to be repaid = 12000( 1 + 0.)³
Amount to be repaid = Rs 13,891.50 [answer]
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