Question

9. Find the amount which Ram will get on 4096, if he gave it for 18 months at 12 9 2 per annum, interest being compounded half yearly.
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Answer 1

Step-by-step explanation:

Here, Principal =Rs.40964

Time =18 months =3 half years

Rate =1221 % per annum=(425)% per half year.

Amount=P(1+100R)T

∴Amount=Rs.[4096×(1+4×10025)3]

=Rs.(4096×1617×1617×1617)=Rs.4913