Question

find the amount for 15000 at 8% per annum compounded annually for 2 years
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Answer 1

★ Given :-

• Principal = ₹ 15,000 .
• Rate = 8 %
• Time = 2 years .

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★ To Find :-

• Simple Interest and Amount = ?

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★ Solution :-

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∓ Here, it is given that, Principal is Rs. 15,000 . Rate of Interest is 8 % . And, the time is 2 years . We have to find the Simple Interest and Amount .

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• First, let's calculate S.I -----

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$\bull\:\sf\pmb{Simple \: Interest = \frac{P \times R \times T}{100}} \\ \\ \sf{S.I = \frac{150 00 \times 8 \times 2}{1 00} } \\ \\ \sf{S.I = 150 \times 8 \times2} \\ \\ \sf{S.I = 1200 \times 2} \\ \\ \sf\pmb{S.I = Rs. \: 2400}$

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• Now, let's calculate Amount -----

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$\bull \: \sf \pmb{Amount = P + S.I} \\ \\ \sf{Amount = 15000 + 2400} \\ \\ \sf \pmb{Amount = Rs. \: 17400}$

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★ Hence :-

• Simple Interest = Rs. 2,400 .
• Amount = Rs. 17,400 .

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Hope, It'z Help You .... !!