Question

find ci on ₹31250 at rate of 8% p.a. compounded yearly for 2 years and 9 months​

Answer 1

Answer:

ci is rs 7387

hope it helps you

Answer 2

Answer:

Ci will be 7387

Step-by-step explanation:

As e have given the principal=31250 and the rate=8%

We need to determine compound interest for 2 years and 9 months

Now for the 1st year

Ci=$31250\times0.08=2500$

Ci=$31250+2500=33750$

Now for the 2nd year

Ci=$33750\times0.08=2700$

Ci=$33750+2700=36450$

Now for 9 months

Ci=$36450\times0.08=2916$

$\dfrac{2916}{4}=729$

$729\times3=2187$

Ci=$2187+36450=38637$

So the final answer would be

$38637-31250=7387$