Find the amount and the compound interest on 7500 rupees for 2 years and 8 months at 10 percent p.a. compounded annually
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For the first year
7500×10×1/100
= 750
7500 +750
₹8250
For the second year
8250×10×1/100
=₹825
₹8250+₹825
=₹9025
Compound Interest = A - P
9075 - 7500
CI= Rs.1575
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