Question

750at3/1/2
$calcuate the amount the folling 1questions 750at3 \1\2\% per annum for 2years$
​

Answer 1

Given: $P = 750, R=3\%,T=2years$

We have to find the value of the amount.

​As we know that the formula is used to calculate the simple interest is:

$S I=\frac{P R T}{100}$

Where,

P = Principal Amount

T = Time in Years

R = Rate of Interest per Annum.

We are solving in the following way:

Here,

$P = 750, R=3\%,T=2years$

So, the simple interest will be:

$\begin{array}{l}S I=\frac{P R T}{100} \\\\S I=\frac{750 \times 3 \times 2}{100} \\\\S I=\frac{4500}{100} \\\\S I=45\end{array}$

Hence, the simple interest is$45Rs.$

As we know that the formula is used to calculate the amount is:

Amount = Principle(P) + Simple interest(SI)

$=>Amount=750+45\\=>Amount=795$

Hence, the value of the amount will be$795Rs.$