Question

8300
(1.5)
Q8. Find the interest and amount when Principal = * 7500, Rate of
Interest = 5%, Time = 5 years.
Z ㅋ​

Answer 1

Answer:

Answer

As we know that,

A=P(1+100R)n

Here,

A= Amount 

P= Principle =Rs.7500

R= Rate of interest =8%

n=1 year =2 half years

Therefore,

A=7500(1+1008)2

⇒A=7500(1+252)2

⇒A=7500×25×2527×27=12×729=Rs.8748

Therefore,

Compound interest =A−P=8748−7500=Rs.1248