Question

find the amount which Ram will be get rupees 4096,if he gave it for 18 month at 12 1/2% per annum,interest being compounded annually?​

Answer 1

P = Rs 4096

T = 18 months

R = 12 1 % = 25

2 2

I = P × R × T = 4096 × 25 × 18

100 100

= Rs 9216

Amount = P + I = 4096 + 9216

= 13,312

(PLEASE CHECK WEATHER THE ANSWER IS CORRECT OR NOT)