Calculate the amount of Rupees 31250 at the end of 2 whole 1 upon 2 years compounded annually at 8%
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Answered by
1
Answer:
37908 is the amount after 2 &1/2 years at the rate of 8%
Step-by-step explanation:
GIVEN THAT,
Principal= 31250
Time = 2 and 1/2 years
Rate = 8%
So first we fill take out the Amount for 2 years.
Which would be:
36450
Now we will take out the amount for 1/2 years for which the rate would also be deducted to half which means now rate for 1/2 years is 4% with principal= 36450
So amount for 1/2 years for 4% rate is:
= 37908
THEREFORE WE CONCLUDE THAT:-
37908 is the amount after 2&1/2 years at the rate of 8%.
:)
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Answered by
0
Answer:
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Step-by-step explanation:
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