A man borrowed 18,000 at 10% for two and a half years. How much interest should he pay aside from the principle?
Ibribrainliest ko po kung sinoman maka sagot <3
Ibribrainliest ko po kung sinoman maka sagot <3
Add an Answer
More Questions From This User See All
Answers & Comments
the man gain Rs.45 in a year
Answer:Hence Govind gain Rs.45 in a year
Step-by-step explanation:Correct option is C)
Sum=Rs.18000
Rate =10%
Time =1 year
S.I=
100
PRT
⇒
100
18000×10×1
=Rs.1800
Govind invest the sum at 10% compound interest half-yearly
Then amount after 1 year
R=10% half-yearly=
2
10
=5%
Time =1 year=2 half year
amount=P(1+
100
R
)
T
⇒18000(1+
100
5
)
2
⇒18000×
100
105
×
100
105
⇒Rs.19845
C.I=amount−Sum
=19845−18000=Rs.1845
Difference between C.I and S.I=1845−1800=Rs.45
Hence Govind gain Rs.45 in a year