Question

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​

Answer 1

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

A = 1831.84(1 + 0.14)^6

You can finish.