calculate amount and campaund intrest on ₹31,250 for 2 1/2 years at the intrest of 4 percentage annum campaund anually
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Answer:
P=Rs. 31250,R=8%,T=2times
4
3
,A=?
A=P(1+
100
R
)
⇒31250(1+
100
8
)
2
4
3
⇒31250×
100
108
×
100
108
×
100
106
⇒Rs.38637
C.I=A−P
=38637−31250=Rs.7387
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