what amount has to paid to on a loan of ruppes 12000 for 1 1/2 years at 10% per annum compound half yearly
Answers
Answered by
60
Answer:
Rs 13,891.50
Step-by-step explanation:
Loan amount = Rs 12,000
Period = 3 (1 1/2 years is 3 half yearly)
Interest rate = 10%
Amount to be repaid = 12000( 1 + 0.1/2)³
Amount to be repaid = Rs 13,891.50
Answer: The amount to be repaid is Rs 13,891.50
Answered by
28
Step-by-step explanation:
p=12000
t=3years
r=5%
a=p(1+r/100)³
12000+5/100³
12000*105/100*105/100*105/100
3*9261/100
13891.5
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