Question

Find the amount and interest to be paid on Rs.75000 at 7.5% p.a. at the end of 5 years.​

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

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• Principle (P) = ₹ 75000
• Rate (R)= 7.5%
• Time (t) = 5 years.

$\therefore \sf \: Simple \: interest = \frac{PRT}{100} \\ \\ \sf = \frac{75000 \times 75 \times 5}{100 \times 10} \\ \\ \sf= ₹ \: 28125$

$\sf \: Amount=P+S.I \\ \\ \sf \: = 75000 + 28125 \\ \\ \sf= ₹ \: 103125$