What amount is to be prepaid on a loan of Rs.12000 for 1 ½
the year's at 10% per annum
compounded half-yearly.
Answers
Answered by
1
Step-by-step explanation:
Amount = P(1+r/100)^n
time = n = 3 years
amount = 12000(1+10/100)^3
= 12000×110/100×110/100×110/100
= 12×11×11×11
= 15,972
HEY FRIENDS
HOPE IT WILL BE HELPFUL ✌✌
Similar questions