Question

Anita takes a loan of Rs 5000 for donating books to the poor at 15 % per year as rate of interest . Find the interest she has to play at end of three years.what value depoited from this?

Answer 1

the value which shall be deposited at the end of 3 years is Rs 7250, and the Interest she pays after 3 years is 2250

Answer 2

Answer:

Interest = Rs.2250

Value deposited = Rs.2750

Step-by-step explanation:

Given : Anita takes a loan of Rs 5000 for donating books to the poor at 15 % per year as rate of interest.

To find : The interest she has to play at end of three years and what value deposited from this?

Solution :

Applying interest formula,

$S.I=P\times R\times T$

Where, P is the principal = Rs.5000

R is the rate of interest = 15%=0.15

T is the time = 3 years

Substitute the values in the formula,

$S.I=5000\times 0.15\times 3$

$S.I=2250$

Which means interest is Rs.2250 at the end of three years.

Value deposited from this is Rs.5000-Rs.2250=Rs.2750