Q55 of 90 Page 133

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 3/2 years?

Let the principal amount is Rs. 40960


R = 12.5% per annum


Time(n) = 3/2 years


But the interest computed semi annually so the time



By using





A = 40960 × 1.4238


A = 58320


Interest paid in the last year,


I = 58320 – 40960


I = 17360


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