Question

what amount is to be paid on a loan of ₹12, 000 for 1 & half years at 10% annum compounded half yearly.

solve this.......​

Answer 1

Answer:

Here is your Answerr

Step-by-step explanation:

As interest is compounded half yearly, so number of conversion periods in 1

2

1

years is 3, So n=3

rate for half year =

2

1

×10%=5%

A=P(1+

100

R

)

n

A=12000(1+

100

5

)

3

=12000(

100

105

)

3

=Rs.13891.50

Compound interest =A−P

=13891.50−12000

=Rs.1891.50

Plz mark me as brainliest if u are satisfied