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FIND THE AMOUNT AND THE COMPOUND INTEREST ON $7500 FOR 2 YEARS 8 MONTHS AT 10%PER ANNUM , COMPOUNDED ANNUALLY
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10%of 7500 =750
therefore, for 2 years it will be 1500
&for 8 months it is 750÷12=62.5
therefore,62.5×8=320.0
1500+320=1820 Rs that is interest
7500+1820=9320 Rs
therefore, for 2 years it will be 1500
&for 8 months it is 750÷12=62.5
therefore,62.5×8=320.0
1500+320=1820 Rs that is interest
7500+1820=9320 Rs
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