find si and amount on ₹7000 at 5% for 9 months
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Answer:
(a) $ 900 for 3 years 4 months at 5% per annum. Find the amount also.
Solution:
P = $ 900,
R = 5% p.a.
T = 3 years 4 months = 40/12 years = 10/3 years
Therefore, S.I = (P × R × T)/100 = (900 × 5 × 10)/(100 × 3) = $ 150
Amount = P + S.I = $ 900 + $ 150 = $ 1050
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