Q. 13

# Find the amount that David would receive if he invests Rs. 8192 for 18 months at 12_{c}% per annum, the interest being compounded half-yearly.

Answer :

Given,

Principal = Rs.8192

Rate = 12% p.a =

Time = 18 months = years =

Hence,

Amount = =

=

So,

David receives Rs.9826 after 18 months

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