find the amount which ram will get on Rs.4096,if he invest it for 18 months at 25/4% per annum, interest being compounded semi annually.
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answer 4913
p=4096
t=3
r=6.25%
4096(1+6.25/100)^3
=4096(1+1/16)^3
=4096(17/16)^3
=4096×17/16×17/16×17/16
=17×17×17=4913
p=4096
t=3
r=6.25%
4096(1+6.25/100)^3
=4096(1+1/16)^3
=4096(17/16)^3
=4096×17/16×17/16×17/16
=17×17×17=4913
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