Question

Calculate the amount Radhika will get for Rs $4096$ for 18 months at the rate of $\frac{25}{2}$% compounded semi-annually.

• A. $1194$
• B. $4913$
• C. $1075$
• D. None of these

Answer 1

Answer: (B)

$4913$

Compound Interest Amount $=$ $P\times (1+0.01\times R{)}^{2\times n}$
Since the Interest is calculated semi annually we calculate for
$\frac{R}{2}$ =$6.25$
Given: $P=$ Rs. $4096$, $T=$ $18$ months $=$ $1.5$ years
Amount $=$ $4096\times (1+0.01\times 6.25{)}^3$
$=$ Rs. $4913$