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Aryan Borrowed a Sum Or Rs. 36,000 for L'/, Years at Lo% P.A. Compound Interest - Mathematics

Sum

Aryan borrowed a sum or Rs. 36,000 for `1 1/2` years at 10 % p.a. compound interest.

Find the amount he needs to return to clear the debt.

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Solution

`"C"_2 = (39600 xx 1 xx 10)/200 = 1980`

`"P"_2 =39600 + 1980 = 41580` 

Concept: Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
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APPEARS IN

Frank ICSE Class 10 Mathematics Part 2
Chapter 1 Compound Interest
Exercise 1.1 | Q 4.2 | Page 5
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