Question

urmi lent rs 40,960 to neelam to purchase a shop at 12.5% per annum. if the interest is compounded semi-annually find the interest paid by neelam after 3/2 years​

Answer 1

Answer:

Step step explanation: Simple interest=p×r×t/100

here,

p=rs.40,960

r=12.5

t=3/2 of year

=3/2×12/1

=18months which is 1.5 year

now,

40,960×12.5×1.5/100

=rs.7,680