Question

calculate the amount if rs1,50,000 is lent at5.5% p.a simple interest for 3 years​

Answer 1

Step-by-step explanation:

Given :-

• $\sf\red{Principle}$ = ₹ 1,50,000
• $\sf\blue{Rate~of~interest}$ = 5.5% = $\frac{{55}{10}}{100}$ = $\frac{55}{10} \times{100}$ = 55 × 10 → 550
• $\sf\pink{Time}$ = 3 years

Amount = P ( 1 + rt )

• A = 1,50,000 ( 1 + 550*3 )
• A = 1,50,000 ( 1 + 1650 )
• A = 1,50,000 × 1651
• A = ₹ 24,76,50,000

Answer 2

Step-by-step explanation:

Principle = Rs. 1,50,000

Rate of interest = 5.5 %

• 55 / 10 × 100
• 55 × 10
• 550

Time = 3 years

◗ 　Amount = P + ( 1 + rt)

• 1,50,000 + ( 1 + 550 × 3 )
• 1,50,000 + ( 1651 )

Amount = Rs. 24,76,50,000 .