Question

Find the amount and the intrest ₹7500at4%intrest p.afor 3 years

Answer 1

Given :

Principle amount ( P ) = rs. 7,500

Rate of intrest ( R ) = 4%

Time period = 3 years.

To find :

The intrest amount on the principle amount ( I ).

Solution:

We know I = P × T × R / 100

If we substitute the values in formula, we get,

I = 7,500 × 3 × 4 / 100

I = 900 rupees.

Therefore the amount of intrest = 900 rupees.