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Find the amount which ram will …

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Find the amount which ram will get on rupees 4096 if he gave it for 18 months at 12 and a half per annum interest being compuded may yearly

Posted by Apoorva Dr 5 years, 10 months ago

CBSE > Class 08 > Mathematics

1 answers

Yogita Ingle 5 years, 10 months ago

Here, Principal (P) = Rs. 4096,

Rate of Interest (R) = 12 1/2 = 25/2%
= 25/2 × 1/2 % per half year
= 25/4 % (compounded half yearly)

Time, n = 18 months = 1 1/2 years
= 3 years (compounded half yearly)

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