Question

find the amount that David would revive if he invest rs 8192 for 18 months at 25/2 percent per annum the interest being compounded half yearly? ​

Answer 1

Answer:

Amount David will receive after 18 months i.e. after 3 periods of half years = ₹9,826

Step-by-step explanation:

David invested ₹ 8192 for 18 months at $\frac{25}{2}$ percent per annum compounded half yearly.

Amount to be received after n number 6 month periods =  ₹$8192(1 + \frac{25}{2} x \frac{1}{2} x \frac{1}{100} )^{n}$

Amount he will receive after 18 months i.e. after 3 periods of half years = ₹$8192(1 + \frac{25}{2} x \frac{1}{2} x \frac{1}{100} )^{3}$ = ₹9,826

Answer 2

Answer:

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