find the compound interest on rs 31250 at 8% per annum for 2¾years
please give the answer with solving the amount of the question
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Answer:
N= 2³/₄ years
= [31250 × (1 + 8/100)² × (1 + (3/4 × 8)/100)]
= {31250 × (27/25)² × (53/50)}
= (31250 × 27/25 × 27/25 × 53/50)
= 38637.
Amount = 38637,
compound interest = (38637 - 31250) = 7387.
Step-by-step explanation:
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