Find the amount which Ram will get on Rs 4096. If the Ram gave it for 18 months at 12.5% per annum. Interest being compounded half yearly.
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Answer:a=p(1+r/100)n
=4096(1+25/100)3
=4096(1+425/400)3
=4096(17/16)3
=4096*17/16*17/16*17/16
=4913=answer
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