find amount and compound interest on7500for 2yrs 8 months at 10 percent per annum compounded annualy
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Answer:
principal = rs7500
rate = 10℅
time = 2½ year
NOW, amount = p ( 1 + r℅)² ( 1 + ½× r/100)
= 7500 (1 + 10/100)² ( 1 + ½× 10/100)
= 9528.75
CI = 9528.75 - 7500
= 2028.75
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