You have to loan Rs 75000 for 2 years for a purpose. if a finance company A lends money at 10% per annum compounded annually and Finance Company B lends money at 8% per annum compounded semi annually for which Finance Company will you take the loan and why give your reason with calculation

He will take the loan from Company B.

Step-by-step explanation:

Given,

For Company A

Principal (P) = Rs 75000

Time (T) = 2 years

Rate of interest (R) = 10%

For Company B

Principal (P) = Rs 75000

Time (T) = 2 years

Rate of interest (R) = 8%

To find the amount of the loan he has to pay for both the companies.

Formula

Amount =P

Amount= P

For Company A

Amount = 75000 [ Here, P= 75000, T=2 and R = 10%]

= 194530 (approx)

For Company B

Amount = 75000( [ Here, P= 75000, T=2, n = 2 and R = 8%]

= 87739 (approx)

Hence,

He will take the loan from Company B, because he has to pay less money for this company.

step-by-step explanation:

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98