Question : Find the amount that Shyam will get on Rs. 4096 if he gives it for 18 months at $12\frac{1}{2}$ percent per annum, with interest being compounded half-yearly.
Option 1: Rs. 5813
Option 2: Rs. 4515
Option 3: Rs. 4913
Option 4: Rs. 5713
New: SSC CGL 2025 Tier-1 Result
Latest: SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: Rs. 4913
Solution :
Amount = $P(1+\frac{\frac{R}{2}}{100})^{2n}$ where n is the time in years, and where P is the principal, and R is the rate interest per annum compounded annually.
Principal = Rs. 4096
Time = 18 months = 3 half years
Rate R= $12\frac{1}{2}$ per annum% $\frac{R}{2}$⇒ $\frac{25}{4}%$ per half-year
Amount = $4096(1+\frac{25}{4 \times 100})^{3}$ = Rs. 4913
Hence, the correct answer is Rs. 4913.
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Get Updates BrochureYour Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.




