the find the amount of rupees 4096 for 18months 24/2% p a the interest being compounded semi annually
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Here, Principal =Rs.40964
Time =18 months =3 half years
Rate =12
2
1
% per annum=(
4
25
)% per half year.
Amount=P(1+
100
R
)
T
∴Amount=Rs.[4096×(1+
4×100
25
)
3
]
=Rs.(4096×
16
17
×
16
17
×
16
17
)=Rs.4913
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