Calculate the simple interest on 6250 for 4 years at 15% per annum. Also, find
the amount to be paid at the end of 4 years.
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Answers
Answered by
4
Given :-
P = Rs. 6250.
R = 4%.
T = 6 months = 1/2 yr.
We have to obtain S.I.
Using SI formula,
\begin{gathered}S.I.= \frac{PXRXT}{100} \\ = \frac{6250X4X \frac{1}{2} }{100} \\ = \frac{625X2}{10} \\ = \frac{1250}{10} \\ =125.\end{gathered}S.I.=100PXRXT=1006250X4X21=10625X2=101250=125.
Hence, SI for the given Principle will be Rs. 125.
Let us also calculate the amount after 6 months.
AMOUNT = P + SI
= 6250 + 125
= 6375
Hence, the Simple interest will be Rs. 125 and amount will be Rs. 6375.
Hope this helps you
Answered by
0
Step-by-step explanation:
Given: principal=rupees 6250
time: 4 years
rate:15%
Simple Interest=P×R×T/100
= 6250×4×15/100
=rupees 3750.
ANS: rupees 3750
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