The amount of money Alex would receive at the end of 41/2 years is ₹15,510.
The amount of money Alex would receive at the end of 41/2 years is the sum of the interest he would earn and the amount of money he deposited.
Interest = principal x time x interest rate
12,000 x 4.5 x 0.065 = 3510
The amount of money Alex would receive = 3510 + 12,000 = 15,510
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