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**Anuj took a loan of **__ __*Rs. 50,000* from a bank. If the__ __* rate of interest is 10% per annum* , find the amount he would be repaying after __ __*3/2 years* , if the interest is *compounded half-yearly*.

__from a bank. If the__

*Rs. 50,000*__, find the amount he would be repaying after__

*rate of interest is 10% per annum*__, if the interest is__

*3/2 years**compounded half-yearly*.

P = Rs 50000

R = 10% p a = 5%per half year

Time period T = $\frac{3}{2}$ Years that is n =3

A = 50000 $\times [1+\frac{5}{100}{]}^{3}$

= 50000 $\times [\frac{21}{100}{]}^{3}$

= Rs57881.25

Regards

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