calculate the amount of rupees 31250 at the end of to 2 and half years compounded annually at 8% per annum
the answer is 37908
please show it step by step
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P=Rs. 31250,R=8%,T=2times
4
3
,A=?
A=P(1+)
100
R
⇒31250×
100
108
×
100
108
×
100
106
⇒Rs.38637
C.I=A−P
=38637−31250=Rs.7387
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