Anuj took a loan of Rs. 50,000 from a bank. If the rate of interest is 10% per annum , find the amount he would be repaying after 3/2 years , if the interest is compounded half-yearly.
Dear Student
P = Rs 50000
R = 10% p a = 5%per half year
Time period T = Years that is n =3
A = 50000
= 50000
= Rs57881.25
Regards
P = Rs 50000
R = 10% p a = 5%per half year
Time period T = Years that is n =3
A = 50000
= 50000
= Rs57881.25
Regards