Home » Aptitude » Compound Interest » Question
  1. 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
    1. Rs. 5,813
    2. Rs. 4,515
    3. Rs. 4,913
    4. Rs. 5,713
Correct Option: C

When interest is compounded half yearly ,

Principal = Rs. 4096 , Time =
3
years = 3 half years
2

Rate =
25
% per annum =
25
per half year
24

Using the given formula ,
∴  A = P1 +
R
T
100

A = 40961 +
25
3
400

A = 40961 +
1
3
16

A = 4096 ×
17
×
17
×
17
= Rs. 4913
161616



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