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Question -

Find the amount which Ram will get on ₹ 4,096, if he gave it for 18 months at 12(1/2) per annum, interest being compounded half yearly.



Answer -

Given: P = ₹ 4,096, R = 12(1/2) % pa, n = 18 months

Hence, the required amount = ₹ 4913

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