4. Hiteshbhai borrows25,000 at 10 % rate of com pound interest to purc

1.	4. Hiteshbhai borrows25,000 at 10 % rate of com pound interest to purchase aTV for 2 years, so at the end of period how much amount will Hiteshbhai payto the bank? (Interest is added after every six months.)
Answer» Compound interest half yearly = p(1+ r/100)^2n = 25000(1+ 10/100)^22 = 25000 (11/10)^4 = 2500011111111/10000 = 25111111*11/10 = 36602.5 Like my answer if you find it useful!

4. Hiteshbhai borrows25,000 at 10 % rate of com pound interest to purchase aTV for 2 years, so at the end of period how much amount will Hiteshbhai payto the bank? (Interest is added after every six months.)

Answer»

Compound interest half yearly = p(1+ r/100)^2n

= 25000(1+ 10/100)^2*2

= 25000 (11/10)^4

= 25000*11*11*11*11/10000

= 25*11*11*11*11/10

= 36602.5

Like my answer if you find it useful!