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

Given,

Principal amount, P = Rs 4,096

Rate of interest, R

Time period, n = 18 months = (12 + 6) months = 1.5 years = 3 half years

(There are 3 half years in 1.5 years)

We know,

Amount when interest is compounded annually, (A)

Therefore, the required amount

Ram will get Rs 4,913 after 18 months.

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