Michael borrowed Rs.16000 from a finance company at 10% per annum. compounded half-yearly. What amount of money will discharge his debt after 112years?
By using the formula, find the amount and compound interest on: Subhalaxmi took a loan of Rs. 18000 from Surya Finance to purchasea TV set. If the company charges compound interest at 12% per annum during the first year and 1212% per annum during the second year, how much will she have to pay after 2 years ?