Math, asked by shivamjadoun17031997, 1 month ago

Calculate the amount of 31250 at the end of 5/2 years. compounded annually at 8% per annum

Answers

Answered by cutiepie3687

1

Step-by-step explanation:

principal = 31250

years = 5/2

rate of interest = 8%

interest = ?

Therefore

Interest = P×Y×R / 100

= 32259 × 5/2 × 8 /100

= 6451.8

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