Question

Golu lent police ₹32500 to purchase a bike at 12.5% per annum .If the interest is compounded semi- Annually , find the interest paid by polu after 3/2yrs

Answer 1

Answer:

Rs 6,982.54

Step-by-step explanation:

Amount Lent = Rs 32500

Rate of interest = 12.5 % per annum

= 6.25 % Half Yearly (semi - Annually)

3/2 years = 3  Half Years

Amount = P (1 + R/100)ⁿ

=> Amount = 32500 ( 1  + 6.25/100)³

=> Amount =  38,982.54   Rs

Interest Paid = 38,982.54 - 32000  = Rs 6,982.54

Answer 2

Answer:

hope it's helpful for you thanks