find SI on ₹4000 at7.5 p.a. for 3 year 3 months. Also find the amount.
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The answer is given below :
Sum = Rs 4000
Rate = 7.5%
Time = 3 years and 3 months
= (3 + 3/12) years
= (3 + 1/4) years
= 13/4 years
Now, we know that
Interest = (Sum × Time × Rate)/100
= Rs (4000 × 13/4 × 7.5)/100
= Rs 975
So, the total amount after 3 years and 3 months be
= Sum + Interest
= Rs (4000 + 975)
= Rs 4975
Thank you for your question.
Sum = Rs 4000
Rate = 7.5%
Time = 3 years and 3 months
= (3 + 3/12) years
= (3 + 1/4) years
= 13/4 years
Now, we know that
Interest = (Sum × Time × Rate)/100
= Rs (4000 × 13/4 × 7.5)/100
= Rs 975
So, the total amount after 3 years and 3 months be
= Sum + Interest
= Rs (4000 + 975)
= Rs 4975
Thank you for your question.
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