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Ritu started a business and borrowed a certain sum at 14% per annum for 1 year, the interest being compounded semi annually. If she cleared the account by paying ₹1831.84 after …

Ritu started a business and borrowed a certain sum at 14% per annum for 1 year, the interest being compounded semi annually. If she cleared the account by paying ₹1831.84 after …
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Ritu started a business and borrowed a certain sum at 14% per annum for 1 year, the interest being compounded semi annually. If she cleared the account by paying ₹1831.84 after one year, find the sum borrowed by ritu​

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User Rodolfo Luna
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1 Answer

6 votes

Use the formula A = p( 1 + x)^n.

A = 1831.84(1 + 0.14)^6

You can finish.

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User Ktdrv
by
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