Question

Urmi lent rs 40960 to neelam to purchase a shop at 12.5% per annum.if if the interest is compounded semi annually find interest paid by Neelam after one integer one by two years​

Answer 1

Answer:

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