Sangeeta lent $40,960 to Amar to purchase a shop at 12.5% per annum. If the interest rate is compounded half-yearly, find the interest paid by Amar in 1.5years
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p=40960
r=12.5
t=1.5=1 5/10 (mixed friction one five upon mai ten )
first do ompound interest of 1 year
p(1+r/100)∧n=a
40960(1+12.5)∧1=a (simplify )
amount of 1 year = 43520rs
now
p=43520
r=12.5
t=5/10
si=p×r‰×t
= 43520*12.5/100*5/10 = 272
add si and amount you will get amunt after 1.5 years
si+amount
272+43520= 43792
your answer hope it will you
mark it as brainliest
thank you
r=12.5
t=1.5=1 5/10 (mixed friction one five upon mai ten )
first do ompound interest of 1 year
p(1+r/100)∧n=a
40960(1+12.5)∧1=a (simplify )
amount of 1 year = 43520rs
now
p=43520
r=12.5
t=5/10
si=p×r‰×t
= 43520*12.5/100*5/10 = 272
add si and amount you will get amunt after 1.5 years
si+amount
272+43520= 43792
your answer hope it will you
mark it as brainliest
thank you
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