Question

Q .4(A) Solve the following problem sums:

1. Find the amount which Ram will get on Rs. 4096, if he gave it for 18 months at 12%, per annum interest being compounded half yearly.​

Answer 1

Step-by-step explanation:

Here, Principal =Rs.40964

Time =18 months =3 half years

Rate =1221 % per annum=(425)% per half year.

Amount=P(1+100R)T

∴Amount=Rs.[4096×(1+4×10025)3]

=Rs.(4096×1617×1617×1617)=Rs.4913