sangeeta lent RS 40960 to amar to purchase a shop at 12 percent per annum . If the interest is compounded semi-annually , find the interest paid by amar after 1 and half year
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p=rs 40960
rate=12%
time=1&a half year or 3/2 years
amount=p(1+r/100)2n
40960(1+12/100)3/2*2
40960(1+3/25)3
LCM of 1 & 25 is 25
so,
40960(25/25+3/25)3
40960(28/25)3
rs57,545.85= amount
ci= amount-principal
rs 57545.85-40960
rs 16585.85
rate=12%
time=1&a half year or 3/2 years
amount=p(1+r/100)2n
40960(1+12/100)3/2*2
40960(1+3/25)3
LCM of 1 & 25 is 25
so,
40960(25/25+3/25)3
40960(28/25)3
rs57,545.85= amount
ci= amount-principal
rs 57545.85-40960
rs 16585.85
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