* Find the amount of $4096 for 18 months at talt pa the Interest being semi 2 annually .
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Given:
P= Rs4096
R=12.5% p.a
n=1.5 years
We have:
A=P(1+
100
R
)
n
When the interest is compounded annually, we have:
A=P(1+
200
R
)
2n
A=4096(1+
200
12.5
)
3
A=4096(1.0625)
3
∴A= Rs 4913
Thus, the required amount is Rs 4913.
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