find the CI on Rs. 31,250 at 12% p.a. at 12 1/2 years compounded annually
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Answer:
Step-by-step explanation:
Find the compound interest on Rs 31250 at 8% per anum
ANSWER
P=Rs. 31250,R=8%,T=2times
4
3
,A=?
A=P(1+
100
R
)
⇒31250(1+
100
8
)
2
4
3
⇒31250×
100
108
×
100
108
×
100
106
⇒Rs.38637
C.I=A−P
=38637−31250=Rs.7387
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