Golu lent polu rup. 32,500 to purchase a bike at 12.5%per annum. If the interest is compounded semi-annually, find the interest paid by polu after 3/2
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Answered by
1
Answer:
Your ans. is 38707.5
Step-by-step explanation:
Principal=32500
Rate of interest=12.5%
Time=3/2 yrs
compound interest=P(1+r/1000)^t
32500(1+12.5/100)^3/2
32500*1.191(approx.)
38707.5
Answered by
4
Answer:
hope it's helpful for you thanks
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