Question

12. If* 4,540 amounts to 5,620 in 3 years at simple interest. Find:
(i) the rate of interest.
(ii) the amount on 8,500 in 5 years at the same rate of interest.​

Answer 1

Answer:

Step-by-step explanation:

Given Principal (P) = Rs. 2400 Rate (R) = 9%

Time (T) = 3 years 5 months and 15 days =  

24

83

​  

 years

To find simple interest and he amount Simple interest =  

100

PRT

​  

=Rs.2400×  

100

9

​  

×  

24

83

​  

=Rs.747

And the amount = Rs.2400 + Rs. 747 = Rs. 3147