Question

Calculate the amount of ₹ 31250 at the end of q 5/2
years , compounded annually at 8% per annum​

Answer 1

Given:

Present value = ₹ 31250

Interest rate = 8% per annum

Time = 5/2

To find the amount we have the formula,

Amount (A)=P(1+(r/100))n

where P is present value, r is rate of interest, n is time in years

Now substituting the values in above formula we get,

∴A = 31250(1+(8/2)/100)⁵

⇒A=31250(1+4/100)⁵

⇒A=31250(1+1/25)⁵

⇒A=31250(26/25)⁵

⇒A=31250× 11,881,376 / 9,765,625

⇒A= ₹ 38,020.4032

∴ Compound interest = A–P

= 35452–31250 = ₹ 3902

Answer 2

Answer:

7

Step-by-step explanation:

hope this helps you

please mark me as brainliest