Question

a sum of rs 1245 is lent for 4 years and 10months at the rate of 5% quarterly. find the simple interest and amount

Answer 1

Answer:

2490

Step-by-step explanation:

SI ptr/100

1245*4*5/100*10

2490

Answer 2

Interest will be Rs 249 and and amount will be Rs 1494

Step-by-step explanation:

We have given sum of Rs = 1245

Principle amount P = 1245

Time period T = 4 years

Rate of interest r = 5 %

We have to find the simple interest

Simple interest is given by

Simple interest $=\frac{Principle\ amount\times rate\times time}{100}=\frac{1245\times 5\times 4}{100}=249$

Amount will become

Amount = principle amount + interest = 1245 +249 = 1494

Learn more

A sum of money lent at simple interest amounts to Rs 6500 in 5 years and Rs 7500 in 7 years. Find the sum and the rate.​

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