Question

The amount of rupees 31250 at the end of 2*1/2 years compounded annually at 8% per annum

Answer 1

Answer:

Step-by-step explanation:

A= P(1+R)ⁿ

A=31250(1+8/100)^(2.5)

A=31250(1.08)^(2.5)

A=₹ 37,879.95