Aditi borrowed rupees 25000 from a bank at 8% p.a rate of interest to buy a dishwasher . if the interest is compoounded semi annually . find the interest and amount paid by aditi at end of 1.5 yrs
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Answer:
⇒ A=P[1+
100
r
]
n
⇒ A=Rs.25,000×(
100
106
)
3
⇒ 25,000×
50
53
×
50
53
×
50
53
⇒ A=Rs.29,775.40
⇒ CI=A−P
⇒ Rs.29,775.40−Rs.25,000
∴ CompoundInterest=Rs.4775.40.
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