Find the amount which Ram will get on 4096, il he gave it for 18 months at 12
per annum, interest being compounded half yearly
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Answered by
1
Given:
Principal (P) = Rs 4096
Rate (R) =
12\frac{1}{2}
per annum
\frac{25}{2}\%
=
per annum
=
\frac{25}{2}\times\frac{1}{2}\%
\frac{25}{4}\%
=
per half year
Time (n) = 18 months
half year
1 month =
\frac{1}{6}
18 months =
18\times\frac{1}{6}
Time= 3 half years
To find:
Amount which ram will get
Hence, the amount Ram will get is Rs 4913.
Answered by
0
Answer:
refer the attachment file
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