Find the compound interest on Rs31250 at 8p.c.p.a for 2.75 year

1.	Find the compound interest on Rs31250 at 8p.c.p.a for 2.75 year
Answer» ong>Answer: PRINCIPAL = 31250 rate of interest per annum = 8 % time = 2 3/4 years amount = 31250 (1+8/100)² 31250(27/25)² which is equal to 36 450 rs now 3/4 year left so we should da simple interst 36450 × 3 × 8 _____________ 4 × 100 = 2187 rs now the total amount = 36 450 + 2187 = 38 637 rs compound interest = amount - principal 38 637 - 31 250 which is equal to 7387 rs compound interest is 7387 rs

Answer»

ong>Answer:

PRINCIPAL = 31250

rate of interest per annum = 8 %

time = 2 3/4 years

amount = 31250 (1+8/100)²

31250(27/25)²

which is equal to 36 450 rs

now 3/4 year left so we should da simple interst

36450 × 3 × 8

_____________

4 × 100

= 2187 rs now the total amount = 36 450 + 2187

= 38 637 rs

compound interest = amount - principal

38 637 - 31 250

which is equal to 7387 rs

compound interest is 7387 rs

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Find the compound interest on Rs31250 at 8p.c.p.a for 2.75 year​

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Find the compound interest on Rs31250 at 8p.c.p.a for 2.75 year