Question

7. Calculate the amount of 31250 at the end of
of 2½ years, compounded annually at 8% per annum​

Answer 1

Answer:

hope

it

will

helps

you

Mark it as brainliest answer

Answer 2

Answer:

Principal = 31250

Time = 2 and 1/2 years

Rate = 8 %

So frist we fill take out the Amount for 2 years.

Which would be: 36450

Now we will take out the amount for 1/2 years for which the rate would also be deducted to half which means now rate for 1/2 years is 4 % with principal = 36450

So amount for 1/2 years for 4 % rate is = 37908

Therefore : 37908 is the amount after 2 and 1/2 years at the rate of 8 %

Step-by-step explanation:

I hope this answer is you useful.