Question

find the amount which ground will get on rupees 4096 if he gave it for 18 months at 25/2 % per annum interest being compounded half yearly​

Answer 1

Rs.4913

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