a) Find the compound interest on Rs. 31250 at 8% per annum for 2 3 4 years. b) Rohit bought a CD for Rs. 750 and sold it for Rs. 875. Show that his gain percent is 16 2 3 % . About the author Alaia
Answer: 5200 Rs. Step-by-step explanation: A = P ( 1+ R/100)^n A = 31250( 1 + 8/100)^ 2 A = 31250 ( 27/25) ^2 A = 31250 × 729/652 A = 36450 CI = A – P CI = 36450 – 31250 CI = 5200 Hope this helps you Reply
Answer:
5200 Rs.
Step-by-step explanation:
A = P ( 1+ R/100)^n
A = 31250( 1 + 8/100)^ 2
A = 31250 ( 27/25) ^2
A = 31250 × 729/652
A = 36450
CI = A – P
CI = 36450 – 31250
CI = 5200
Hope this helps you