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Question
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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Solution
Amount = `"P"(1 + "r"/200)^(2"t")`
Amount = `35000 (1 + 12/200)^3` = Rs. 41685.56
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