The principal is $1,00,000 and the loan adds 4% interest of the debt and rounds it to nearest 1,000 above month by month.Calculate the amount of debt in 6 months.
I = Prt
debt = 1000000 + 1000000(.04)(1/2)
= ....
debt = 1000000 + 1000000(.04)(1/2)
= ....