3. Calculate the amount for the following:
(a)
4,000 at 9% per annum for 3 years
(b) 3750 at 3% per annum for 2 years.
50 73.200 at 75% per annum for 3 years.
(d) 3 900 at 5% per annum for 5 years.
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Answer:
A) 4000*9*3/100
ANS = 1080 is the simple interest
amount = 1080+4000
= 5080
B) 3750*3*2/100
ANS = 225 is the simple interest
amount = 2750+225
= 2975
C) 5073200*75*3/100
ANS = 11414700 is the simple interest
amount = 5073200+11414700
= 16487900
D) 3900*5*5/100
ANS = 975 is the simple interest
amount = 3900+975
= 4875
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