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Meena borrowed Rs. 50,000 at 20% p.a. compounded half-yearly. What amount of money will discharge her debt after $1 \frac{1}{2}$ years?

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Rs. 28275

Rs. 28725

Rs. 66550

Rs. 56275

answer is C.

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Detailed Solution

R = Rs. 50,000 at a rate of 20% per annum,

R = \frac{20 %}{2} = 10 %

half yearly.
To Find: amount of money will discharge her debt after

1 \frac{1}{2}

years.

t = 1 \frac{1}{2} years = 3

A = P {(1 + \frac{10}{100})}^{t}

\Rightarrow A = 50000 {(\frac{11}{10})}^{3}

\Rightarrow A = 50000 \times \frac{1331}{1000}

\Rightarrow A = 66550

So, the correct answer is “Option 3”.

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