Question

a sum of RS . 1245is lent for 4 years 10 mothes at the rate of 5/ quarterly. find the interest of the amount​

Answer 1

Answer:

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  

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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