If you would like to have the ring appraised, there is a $150 appraisal fee that you can add to cart here. We will take the ring downtown to be appraised by a third party GIA gemologist appraiser and provide details for your insurance purposes.

Where:- A = Amount after time t- P = Principal amount (initial investment)- R = Rate of interest per period- n = Number of compounding periods

Our shipping days are Mondays and Tuesdays for all delivery speed options. On Thursdays, we only ship overnight orders to avoid any delays with packages sitting in courier warehouse over the weekend.

Please be aware your country might require additional duties/taxes. We are not held responsible for any delays or fees charged by customs/duties in your country. The buyer is responsible for any additional taxes, duties, or brokerage fees. Customers are welcome to find and use a customs broker to help with international shipping. If you are going to work with a customs broker, please provide us with their information when confirming shipping.

To solve the problem step by step, we will use the formula for compound interest. The formula for the amount A after n compounding periods is given by:

Step 1: Calculate the half-yearly interest rateSince the interest is compounded half yearly, we need to divide the annual interest rate by 2:

Rings will ship in an Anueva Jewelry ring box, with the exception of most bands which will ship in a ring pouch. The package will be insured and require signature confirmation. Please be sure to use an address that will have someone available to sign during mail delivery times. If providing a business address, please include the business name.

Ramesh deposited Rs 7500 in a bank which pays him 12% interest per annum compounded quarterly. What is the amount which he receives after 9 months?

Vasudevan invested Rs 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get(i)             after 6 months?(ii)            after 1 year?

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