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

P = 40960

R = 12.5% p.a semi annually

T = 1 1/2 years = 3/2 years

A = P (1 + (r/200))²^n

I = A – P