Find the compound interest on 8000 rupees for 2 and half year at 8%
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Answer:Rs 1600
Step-by-step explanation:
Per annum 8%
=8/100×8000
=Rs 640
For two and a half year
=640×(2+1/2)
=640×5/2
=1600
Therefore compound interest on Rs8000 per two and a half year is Rs1600
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