Find the amount which Ram will get on 4096, if he gave it for 18 months at l2.5%
per annum, interest being compounded half yearly
Pls answer it fast
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1
Answer:
4887.52
Step-by-step explanation:
make us of the compound interest formula :
A = P *(1+ R/100)^n
where A is the amount received
p is the principle
r is the rate of interest
n is the number of years
use the values in the formula ---
A =4096 * ( 1 + 12.5/100)^ 1.5
since 18 months = 1 year and 6 months and 6 months is 1/2 of a year
A = 4887.5220
to 2 dp = 4887.52
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