Question

find the amount and compound interest on rs 7500 for 3/2 years at 8 percent, payable annually

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Answer 1

Answer:

As we know that,

A=P(1+

100

R

)

n

Here,

A= Amount

P= Principle =Rs.7500

R= Rate of interest =8%

n=1 year =2 half years

Therefore,

A=7500(1+

100

8

)

2

⇒A=7500(1+

25

2

)

2

⇒A=7500×

25×25

27×27

=12×729=Rs.8748

Therefore,

Compound interest =A−P=8748−7500=Rs.1248

Answer 2

Answer:

8400

Step-by-step explanation:

P=7500 T=3/2 R=8%

SI=P×T×R/100

SI=7500×3/2×8/100=900

AMOUNT =P+SI

AMOUNT =7500+900=8400

ANS:Rs 8400