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Prashant Borrowe Rs. 35000 at 12% P.A. Compounded Semi-annually. Find the Amount He Needs to Pay Back at the End of 1 1/2 Years

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प्रश्न

Prashant borrowe Rs. 35000 at 12% p.a. compounded semi-annually. Find the amount he needs to pay back at the end of `1 1/2` years

योग
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उत्तर

Amount = `"P"(1 + "r"/200)^(2"t")`

Amount = `35000 (1 + 12/200)^3` = Rs. 41685.56

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Use of Formula
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