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Find the amount which Ram will get on Rs 4,096, he gave it for 18 months at per annum, interest being compounded half yearly.

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P = Rs 4,096 R = per annum = per half year n = 18 months There will be 3 half years in 18 months. Therefore, Thus, the required amount is Rs 4,913.
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P = Rs 4,096

R = per annum = per half year

n = 18 months

There will be 3 half years in 18 months.

Therefore,

Thus, the required amount is Rs 4,913.

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