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Sangeeta lent rs 40960 to amar …

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Sangeeta lent rs 40960 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 1/2 years
  • 1 answers
principal=40960,rate=12.5%=12.5/2 =25/2 =25/2×2 =25/4 time=1 1/2 =3/2×2 =3 years amount=p(1+r/100)3 =40960(1+25/4×100)3 =40960(1+25/400)3 =40960(17/16)3 =40960×17×17×17/16×16×16 =40960×4913/4096 =201236480/4096 =49130 compound interest=a-p =49130-40960 =8170
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