Question

find the amount which ram will get on rs 4096 if he gave it for 18 months at 12 and half Percent per annum interest beign compounded half yearly☺☺
plz solve
no spams ☺☺
its my exam tommorow

Answer 1

we have P=4096

T=18 months

R=12 1/2 %p.a.

therefore,interest is compounded half yearly.

T=18 months....n=18/6=3 six months

r=12 1/2%p.a.......R=(12 1/2 +2)%per half yearly

=(25/2 * 1/2)%

=25/4% half yearly

now,A=P(1+R/100)^n

=Rs.4096*(1+25/400)^3

=4096*(17/16)^3

=4913

Answer 2

Hey mate ,
hers your answer :-) 4913