Question

13. Find the sum of money that amounts to
(1) 12 000 in 4 years at the interest rate of 5% per annum.​

Answer 1

Step-by-step explanation:

OK, so first we have to find out 5% of 12000

12000×(5/100)

= 12000 ×(1/20)

= 1200×(1/2)

= 1200÷2

= 600

So, 5% of 12000 is 600.

Now,since the time period is 4 years we have to multiply 600 with 4

= 600×4

= 2400

Now, to get the total amount after 4 years we have to add 2400 to 12000

= 12000+2400

= 14400

Answer:

We get ₹ 14400 after 4 years at the interest rate of 5% per annum after depositing ₹ 12000.