Question

Laloo lent baloo 32,500 to purchase a car at 12.5% per annum if the interest is compounded semi annually find the interest paid by baloo after 3/2 year

Answer 1

Answer:

Step-by-step explanation:

The principal amount =32500

Rate of interest=12.5

Time=3×12=36+2=38

To find interest,

PRT/100

32500×12.5×38/100

=15200

Answer 2

The interest paid by baloo after 3/2 year is Rs.6482.5439

Step-by-step explanation:

Principal = 32500

Rate of interest = 12.5 %

No. of compounds per year = 2

Time =$\frac{3}{2} year = 1.5 years$

$Amount = P(1+\frac{r}{n})^{nt}$

$Amount = 32500(1+\frac{12.5}{200})^{2 \times 1.5}$

Amount = 38982.5439

Interest = Amount - Principal = 38982.5439-32500=Rs.6482.5439

Hence  the interest paid by baloo after 3/2 year is Rs.6482.5439

#Learn more :

Sangeeta lent RS 40960 to amar purchase a shop at 12.5 % per annum if the Interest is compounded semi annually , find the interest paid by Amar after 3 years

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