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Find the amount which Shyam will get on Rs. 4096, if he gives it for
18 months at 12 1 % per annum, interest being compounded half yearly. 2
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- Rs. 5,813
- Rs. 4,515
- Rs. 4,913
- Rs. 5,713
Correct Option: C
When interest is compounded half yearly ,
Principal = Rs. 4096 , Time = | years = 3 half years | |
2 |
Rate = | % per annum = | per half year | ||
2 | 4 |
Using the given formula ,
∴ A = P | ![]() | 1 + | ![]() | T | |
100 |
A = 4096 | ![]() | 1 + | ![]() | 3 | |
400 |
A = 4096 | ![]() | 1 + | ![]() | 3 | |
16 |
A = 4096 × | × | × | = Rs. 4913 | |||
16 | 16 | 16 |