Question

Find the amount from the investment of *4500 for two year at 5 paise per rupee interst

Answer 1

principal(p)=rs4500

converting the rs into paise ,

=4500*100 paise

450000 paise

p=450000 paise

rate(r) =5 paise

time(T) =2 years

simple interest(si)=?

amount(a)=?

now,

si=p*t*r/100

si=450000*2*5/100

=45000 paise

converting the paise into rs ,

=45000/100

=450

at last,

amount=si+p

a=450+4500

a=4950