Asha lent rs 40960 to Zubeda to perches a shop at 12.6% per annum. If compounds semi- annually, find the intrest paid by Zubeda after 3/2 years.
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P=Rs.40960
R=12.5%p.a.
Semi- annually after t=
2
3
yrs.
CI=P(1+
100
R/2
)
2n
CI=40960(1+
100
12.5/2
)
2×
2
3
CI=49130Rs.
Interest =Rs.49130−40960Rs.8170
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