find the compound interest on Rs. 31250 at 8% per annum for 2 1/2 year
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compound interest = 31250₹ (1+4/100)^5 -31250₹
=31250₹×104/100×104/100×104/100×104/100×104/100-31250
=31250×26/25×26/25×26/25×26/25×26/25-31250
=6770.4032₹
=31250₹×104/100×104/100×104/100×104/100×104/100-31250
=31250×26/25×26/25×26/25×26/25×26/25-31250
=6770.4032₹
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