find the amount which Ram will get on ₹ 4096 if he gave it to 18 months at 12½ % percent per annum interest being compounded half yearly
guys pls help those who anwer I will follow them!!!
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find the amount which Ram will get on ₹ 4096 if he gave it to 18 months at 12½ % percent per annum interest being compounded half yearly
guys pls help those who anwer I will follow them!!!
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Answer:
4913
Step-by-step explanation:
Here principal = to ruppes 40964
Time = 18 months = 3 half years
Rate = 12 1 /2 % per annum = 25 / 4% per half year
amount = p ( 1+ r/ 100) t
thus amount = Rs [ 4096 in to ( 1 + 25 /4 in to 100)
= Rs (4096 in to 17 /10 in to 17 /10 in to 17 /10= Rs 4913