find the compound interest at rs.8000 for 2 years at 7 1/2% at per annum
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Answer:
CI= A-P
A=P(1+r/100)^t
=8000(1+15/200)^2
=8000(1+3/4)^2
=8000(7/4)^2
=8000*49/16
=500*49
=₹24,500
Therefore, CI = ₹(24,500-8,000)
= ₹16,500
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