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 3/2years
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1
Answer:
P=Rs.40960
R=12.5%p.a.
Semi- annually after t=
2
3
yrs.
CI=P(1+
100
R/2
)
2n
CI=40960(1+
100
12.5/2
)
2×
2
3
CI=49130Rs.
Interest =Rs.49130−40960Rs.8170
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