Question

Sangeeta lent ₹40960 to Amar to purchase a shop at 12.5 per annum. If the interest is compounded semi annually, find the interest paid by Amar after 3/2 years.

Answer 1

Step-by-step explanation:

p=₹40960

r=12.5

t=3/2

to find I

I =(p×r×t)÷100

=(40960×12.5×3/2)÷ 100

=7680

thus, interest is ₹7680