sugandha lent rupees 40960 to neeraj to purchase a shop at 12.5% per annum.If the interest is compound semi annually,find the interest paid by neeraj after 1-1/2 years.
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Sangeeta lent Rs 40,960 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 1
2
1
years.
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
Answered by
0
p = 40960
r =12.5%
n = 1½ years
compounded semi annually
r = 12.5% per year
= 12.5/2% semiannually = 6.25%
n = 1½ years = 1½×2 semiannuals =3
A =p(1+r)ⁿ
=40960(1+6.25%)³
=40960 ×(1.0625)³
= 49130/-
interest = A-P = 8170/-
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