2) Brijesh lent Akshay 32,500 to purchase a car
12.5% per annum. If the interest is compounded
semi-annually, find the interest paid by Akshay
after 3/2 year
Answers
Answered by
17
Answer:
6482.54
Step-by-step explanation:
Brijesh lent Akshay 32,500 to purchase a car
P = 32500
R = 12.5 % per annum = (12.5/2) = 6.25 % per Six months
Time = 3/2 Year = 3 * (6 months)
Amount after 3/Years = 32500 (1 + 6.25/100)³
= 32500 * ( 1.0625)³
= 38982.54
Interest = 38982.54 - 32500 = 6482.54
Answered by
0
Answer:
rs 6482.54
Step-by-step explanation:
Brijesh lent Akshay 32,500 to purchase a car
P = 32500
R = 12.5 % per annum = (12.5/2) = 6.25 % per Six months
Time = 3/2 Year = 3 * (6 months)
Amount after 3/Years = 32500 (1 + 6.25/100)³
= 32500 * ( 1.0625)³
= 38982.54
Interest = 38982.54 - 32500 = 6482.54
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