What amount is to be repaid on a loan of Rs 12000 for 1 12 years at 10- rate of interest per annum compounded annually-

We know that A = P(1+r100)^n ∴ A= 12000 (1+10100)^3/2 ∴ A= 12000(1110)(1110)^1/2 ∴ A= (13200)(1.048) ∴ A= (13833.6) Rs Amount repaid = 1 ...

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Standard VIII

Mathematics

Rate Compounded Anually or Half-Yearly

What amount i...

Question

What amount is to be repaid on a loan of $R s 12000$ for $1 \frac{1}{2}$ years at $10 %$ rate of interest per annum compounded annually.

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Solution

We know that
$A = P (1 + \frac{r}{100})^{n}$
$∴ A = 12000 (1 + \frac{10}{100})^{3 / 2}$
$∴ A = 12000 (\frac{11}{10}) (\frac{11}{10})^{1 / 2}$
$∴ A = (13200) (1.048)$
$∴ A = (13833.6) R s$
Amount repaid = 13833.6 Rs.

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What amount is to be repaid on a loan of Rs 12000 for 112 years at 10% rate of interest per annum compounded annually.

We know thatA=P(1+r100)n∴A=12000(1+10100)3/2∴A=12000(1110)(1110)1/2∴A=(13200)(1.048)∴A=(13833.6)RsAmount repaid = 13833.6 Rs.

What amount is to be repaid on a loan of $R s 12000$ for $1 \frac{1}{2}$ years at $10 %$ rate of interest per annum compounded annually.

We know that
$A = P (1 + \frac{r}{100})^{n}$
$∴ A = 12000 (1 + \frac{10}{100})^{3 / 2}$
$∴ A = 12000 (\frac{11}{10}) (\frac{11}{10})^{1 / 2}$
$∴ A = (13200) (1.048)$
$∴ A = (13833.6) R s$
Amount repaid = 13833.6 Rs.