. What amount is to be repaid on a loan of ` 12000 for 3\2 years at 10% per annum compounded half yearly.
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Answer:
Step-by-step explanation:
Rate for half year =1/2*10%=5%
A=P[1+R/100]
A=12000[1+5/100]3
12000[105/100]3
=$13891.50
Compound interest :
A-P
=13891.50-12000
=$1891.50
Hope you are under stand
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