find the compound interest on 7500 for 2 1/4 years at 6% annum compounded annually
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Answer:
Amount = Rs [7500*(1+(4/100)2] = Rs (7500 * (26/25) * (26/25) ) = Rs. 8112.
therefore, C.I. = Rs. (8112 - 7500) = Rs. 612.
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