Question

sunil loaned rs 8192 to Ravi to enable him to purchase a T.v set if sunil charged interest at the rate of 12.5 percent per annum compuned half yearly calculate the amount that Ravi will have to pay to sunul after 1.5 years

Answer 1

Interest =8192×12.5×1/100=374/2(half month )=187
Total amount =8192+187=8379