find the amount which Ram will get on rupees 4096 if he give it for 18 months and 12integer 1by2 % per annum interest being compounded half yearly.
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Given Principal = Rs 4096
Rate of interest = 12 1/2% p.a = 25/2 p.a
Time period = 18 months = 3 half years
Therefore, n = 3
Recall A = P(1 + R/100)n
⇒ A = 4096 (1 + 25/200)3
= 4096 (225/200)3
= 4096 (9/8)3 = 5832
Hence Ram will get Rs 5832 after 18 months.
Rate of interest = 12 1/2% p.a = 25/2 p.a
Time period = 18 months = 3 half years
Therefore, n = 3
Recall A = P(1 + R/100)n
⇒ A = 4096 (1 + 25/200)3
= 4096 (225/200)3
= 4096 (9/8)3 = 5832
Hence Ram will get Rs 5832 after 18 months.
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