Find the compound interest on ₹ 46875 at 8% per annum for2 1/2 years.
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Step-by-step explanation:
P=€46875
r=8 N= 1
t=2 1/2= 5/2 yrs
C.I.= P(1+r/100)^t/N
log A= 46875(1+8/100) ^ 5/2
= log 46875 + log (27/25) ^ 5/2
= log 46785 + 5/2 (log 27 - log 25)
= 4.6701 + 5/2(0.0334)
=4.6701 + 0.0835
log A=4.7536
A= Antilog(4.7536)
=56702
C.I.= 56702- 46875= 9827
hope it helps
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