Question

calculate the amount of 31250 rupees at the
end of 2 1\2 years, compounded annually
at 8%per
annum​

Answer 1

Answer:

Rs.37908

Step-by-step explanation:

P=Rs.31250

T=2½years

R=8%p.a

since Time is given in fraction so we use the formula

CA=P(1+R/100)² *(1+½R/100))

=31250(1+8/100)²*(1+½*8/100)

=31250(108/100)²*(104/100)

=37908