Question

what will be the compound interest on a sum of ₹31250 for 2 years at 12%p.a. if the interest is compounded 8 monthly?​

Answer 1

Answer:

₹31250 years=2 p.a=12%

componded month =8

Step-by-step explanation:

p=[1+R/100]3

A=31250[1+12/100]3

31250. [13/100]

31250=13/100×13/100×13/100

do cutting of all

361×13×13×13

Answer=7,93,117