Find the amount directly using the formula A=P 1+RT/100 in the following cases. P= Rs 720, R= 8.5%, T= 3years<br />Please tell me the correct answer
Answers
Step-by-step explanation:
Given that P = 5000 ; R = 10% and T = 3 years
Given formula is,
A=P(1+\frac{R T}{100})A=P(1+
100
RT
)
Substituting the values in given formula, we get
\begin{gathered}\begin{array}{l}{A=5000(1+\frac{10 \times 3}{100})} \\\\{A=5000(1+\frac{3}{10})} \\\\ {A=5000 \times \frac{13}{10}} \\\\ {A=6500}\end{array}\end{gathered}
A=5000(1+
100
10×3
)
A=5000(1+
10
3
)
A=5000×
10
13
A=6500
Thus the amount A = Rs 6500
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A certain sum of money at simple interest becomes rs. 1062 in 2 years and rs. 1183.50 in 3½ years. what is rate of interest per annum?
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15000 is deposited at simple interest. If the amount after 8 years is rs 25800, find the rate of interest
Step-by-step explanation:
A = P*R*T/100
=720*8.5*3/100
=183.6
i think it is...