Question

What amount is to be repaid on a loan of 12000 for 1 1/2 years at 10% per annum compounded half yearly

Answer 1

Step-by-step explanation:

THERE ARE THREE HALF YEATRS IN 1 1/2 YEARS

THEREFORE COMPOUNDING HAS TO BE DONE 3 TIMES

RATE OF INTEREST = HALF OF 10%

= 5% HALF YEARLY

A= P {1+R/1OO}n

= 12000 [1+5/100]3

= 12000 * 21/1OO *21/100*21/100

= 13,891.50

pleASE mark me as brainliest

Answer 2

Step-by-step explanation:

i think your question can be done by this solution