elrishaann7 elrishaann7

26-07-2021
Mathematics

contestada

calculate the amount of rupees 31250 at the end of 2½ years, compounded annually at 8% per annum.

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hurtadokayla52 hurtadokayla52

26-07-2021

Principal = 31250

Time= 2 and 1/2 years

Rate= 8% so first we take out the amount for 2 years which would be: 36450

Now we we will take out the amount for 1/2 years. Now the rate for 1/2 years is 4% with principal

The amount for 1/2 years for 4% rate is= 37908

Answer: 37908 is the amount after 2 and 1/2 years at the rate of 8%

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