Question

anju invests 20000 in a company.the company pays interest at 15%per annum.find the total amount that she will get back from the company at the end of 5year 5 months.​

Answer 1

Answer:

Rs 16500

Step-by-step explanation:

Principle (P)=20,000

Interest  (I)  =15%

Time (T)      = 5.5 Year (5 year & 5 months)

We know,

P X T X R

----------------

  100

20,000 X 15 X 5.5

--------------------------

        100

= Rs16,500

Therefore, Anju will get Rs 16,500 at the end of 5 year 5 months

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Answer 2

The total amount that she will get back from the company at the end of 5year 5 months is 36500.

Given:

Anju invests 20000 in a company. the company pays interest at 15%per annum.

To Find:

The total amount that she will get back from the company at the end of 5year 5 months.

Solution:

To find the total amount that she will get back from the company at the end of 5 years and 5 months we will follow. the following steps:

As we know,

After 5 years and 5 months, she will get the total amount of aim of interest in 20000 and his own 20000 money.

Now,

Simple interest, principle amount, rate, and time are related as

$simple \: interest = \frac{p \times r \times t}{100}$

Here,

t is the time which is 5 years 5 months = 5.5 years.

rate r = 15%

principal amount = 20000

Now,

Putting value in the above formula we get,

SI =

$\frac{20000 \times 15 \times 5.5}{100} = 16500$

Now,

Total money she will receive at the end of 5.5 years =

$20000 + 16500 = 36500$

Henceforth, the total amount that she will get back from the company at the end of 5year 5 months is 36500.

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