Question

calculate amount of 31250 at the end of 2½ years,compounded annually at 10%per annum​

Answer 1

Answer:

Step-by-step explanation:

= [31250 × (1 + 10/100)² × (1 + (3/4 × 10)/100)]

= {31250 × (27/25)² × (53/50)}

= (31250 × 27/25 × 27/25 × 53/50)

= 38637.

Amount = 38637,

compound interest = (38637 - 31250) = 7387.