Question

find the amount that David would receive if he invests rs. 4096 for 18 months at 25/2 percent per annum, the interest being compounded halfyearly.​

Answer 1

Answer:

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Answer 2

Answer:

A = 4913₹

Step-by-step explanation:

For half yearly compound interest

We take half the R and twice the time

So R = 25/4, N = 18x2 = 36 months = 3yrs

A = P(1 + R/100)^N

A = 4096( 1 + 25/400)^3

A = 4096(1 + 1/16)^3

A =

$4096 \times \frac{17}{16} \times \frac{17}{16} \times \frac{17}{16} = 4913$

A = 4913₹