Find the compound interest on ₹ 31,250 at 12% pa for 121/2 years. *
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0
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Correct option
Rs 7387
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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