Question

find the amount which ram will get on ₹4096 if he gave it for 18 months at 12 1\2 % per annum interest being compounded half yearly ​

Answer 1

Answer:

Given,

Principal (P)= 4096

Rate(R)= 12 1/2 per annum

25/2% per annum

25/2×1/2% per half year

25/4% per half year