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 aftet 1½ years​

Answer 1

Rs.8170

Step-by-step explanation:

Principal = Rs.40960

Rate of interest = 12.5%

Time = 1.5 years

No. of compounds per year = 2

Substitute the values

So,

Interest = Amount - Principal = 49130 - 40960 = 8170

Hence the interest paid is Rs.8170