Question

17. Find the interest to be paid at the end of 2 years if the principal is Rs
1,700 @ 7.5% p.a.*
3
Your answer

Answer 1

Answer:

THE INTEREST IS ₹255

Step-by-step explanation:

PARAMETERS GIVEN,

PRINCIPAL = ₹1700

RATE = 7.5%

TIME = 2 YEARS

SO,

WE KNOW,

SI = PRT/100

   = (1700*75*2)/100*10

   = 17*15

   = ₹255

SO,

INTEREST IS ₹255

I HOPE YOU UNDERSTOOD THE QUESTION!!!

                                   !!!JAI SHREE KRISHNA!!!

Answer 2

Answer:

Hence, value of interest will be Rs. 382.5 while the value of Amount will be Rs. 2082.5

Step-by-step explanation:

In context to question asked,

We have to determine the value of interest paid.

As per question,

We have,

P = Rs. 1700

Rate = 7.5% annum

Time = 3 years

As we know that,

The value of simple interest can be determined by using the formula,

$SI = \frac{PRT}{100}$

So, for determining the value of Interest we will put the value of P, R and T given in the question in above formula,

Thus we will get,

$SI = \frac{1700 \times 7.5\times 3}{100} \\= 17 \times 7.5\times 3\\=>51 \times 7.5\\=>Rs.\:382.5$

Hence, value of simple interest will be Rs. 382.5

And value of amount can be determined by using the formula

$Amount = Principal + SI$

So, value of amount will be $Rs.\:1700+Rs.\:382.5 = Rs.\:2082.5$