if principal rupees 31250 rate 8 percent p. a time 3 years then the amount compounded annually
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Answer:
Amount=p*(1+r/100)^n
=31250*(1+8/100)^3
=31250*(1+2/25)^3
=31250*(25+2/25)^3
=31250*(27/25)^3
=31250*19683/15625
=2*19683
=₹39366
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