what amount is to be Rapid on a loan of Rs 12000 for two and half year at per annum compounded half yearly
Answers
Answered by
2
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
Answered by
0
Answer:
1 year=365 days
1month=30 days
-------then-------
6months=30x6
=180 days
365+180=545
So, 12000x545=6,540,000 RS
Step-by-step explanation:
THis is your answer buddy, hope it helps/
Not sure if this is correct but you can cross-check with others
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