What amount is to be repaid on a loan of ₹ 62,500 for $1\frac{1}{2}$ years at 8% per annum compounded half yearly?

Principal = ₹ 62,500

There are 3 half years in $1\frac{1}{2}$ years.

Therefore, compounding has to be done in 3 times.

Rate of interest = half of 8% = 4% half yearly.

$\mathrm{A}=\mathrm{P}{\left(1+\frac{\mathrm{R}}{100}\right)}^{\mathrm{n}}$

$=₹ 62500{\left(1+\frac{4}{100}\right)}^3$

$=₹ 62500{\left(1+0.04\right)}^3$

$=₹ 70304$

Therefore, the amount is to be repaid on a loan of ₹ 62,500 for $1\frac{1}{2}$ years at 8% per annum compounded half yearly is ₹ 70304.