Question

1. What is the interest on rupees 10000 at 10 pcpa for 1 year?

2. what will be the amount on rupees 500 at 8 pcpa after 2 years?​

Answer 1

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1) GIVEN :-

Principal = 10,000

Rate = 10%

Time = 1 Year.

TO FIND :-

Find the S.I

SOLUTION :-

= P × R × T/100

= 10,000 × 10 × 1 / 100

= 1,000.

So, 1,000 is the S.I.

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2) GIVEN :-

Amount = 500

Rate = 8%

Time = 2 Years.

TO FIND :-

Find the Amount.

SOLUTION :-

A = P(1 + rt) 

A = 500(1 + (8)(2))

A = 516

So,

516 is the Amount

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