Find the compound interest on 1500 for 2 1/2 years at 10%per annum
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Answer:1st year interest=1500×10/100=150
2nd year interest=(1500+150)×10/100=165
2 1/2 years=(1500+150+165)×10×1/2×100=90.75
Total=150+165+90.75=305.75
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