Advertisement Remove all ads

Amita Wanted to Start a Business for Which She Needed Rs, 40000. She Borrowed this from Dolly at 10% P.A Compounded Semi-annually. - Mathematics

Sum

Amita wanted to start a business for which she needed Rs, 40000. She borrowed this from Dolly at 10% p.a compounded semi-annually. Find the extra amount that she needs to pay at the end of two years to clear her debt. 

Advertisement Remove all ads

Solution

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

Amount = `40000 (1 + 10/200)^4` = Rs 48620.25

  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Frank ICSE Class 10 Mathematics Part 2
Chapter 1 Compound Interest
Exercise 1.1 | Q 13 | Page 6
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×