Question

7) Brijesh lent Akshay 332,500 to purchase a car at 12.5% per annum. If the interest is compounded semi-annually, find the interest paid by Akshay 3 years.​

Answer 1

Step-by-step explanation:

$a = p (1 + \frac{r}{100} )^{n } \\ \\ a = 332500 \times (1 + \frac{ \frac{12.5}{2} }{100} ) ^{1} \\ \\ 353281.25$

20781.25 =C.I

compound interest semi annually you can find out to find compound interest at 3 years subtract principle from amount to get compound interest