A sum of money amounts to Rs. 1500 in 5 years at 10% per annum at simple interest. Find the sum. *
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Answer:
Answer:
Rs. 2250
Given :
Principal = Rs. 1500
.
Rate = 10%
Time = 5 years
To find :
the sum
Solution :
→ Let's find the Simple Interest.
Simple Interest = P x R x T/100
= 1500 X 10 X 50/100
= 1500 x 50/100
= 15 x 50/1
= 750/1
= 750
Let's find the Amount now.
J
Amount Principal + Simple Interest
= 1500 + 750
= 2250
Therefore, the Sum of the Amount is 2250
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