Q. 94.0( 210 Votes )

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

Answer :

Here, Principal (P) = Rs. 4096,

Rate of Interest (R) =

(compounded half yearly)

Time, n = 18 months = years

= 3 years (compounded half yearly)

**= Rs. 4,913**

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