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A sum of RS 2,400 is borrowed at a half-yearly compounded interest rate of 25/4 %. . . .1) find the amount of the debt at the end

By Josephine

A sum of RS 2,400 is borrowed at a half-yearly compounded interest rate of 25/4 %. . . .1) find the amount of the debt at the end of one year. . . . .2) find the amount of money required to clear of the debt after 1.5 year​

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Josephine

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2 thoughts on “A sum of RS 2,400 is borrowed at a half-yearly compounded interest rate of 25/4 %. . . .1) find the amount of the debt at the end”

  1. Answer:

    amount to be paid after 1 year

    =actual amount (1+rate/100)^time

    =2400(1+6.25/100)^2

    =2709.375

    For amount required after 1.5 year to clear of the debt=2400(1+6.25/100)^3

    =2400(17/16)^3

    =2878.7109

    Step-by-step explanation:

    please mark my ans as brainliest please

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