Find the amount from the investment of 4500 for two year at 5 Paise per rupees
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Answer:
Given :
Investment of Rs. 4500 at 5 paise per rupee interest for 2 years.
To Find :
Final amount after maturity for 2 years.
Solution :
100 paisa = 1 Rupee
Converting 5 paisa to rupee.
5 paisa = = 0.05 Rupee
∵ Interest will be paid per rupee = 0.05 rupee
∴ for 4500 Rs. interest will be paid = 4500 × 0.05
= 225 Rs.
∴ For two years interest will be = 225 × 2
= 450 Rs.
Final amount = Principal amount + Interest
= 4500 + 450
= 4950 Rs.
Final amount from the investment of 4500 Rs. would be 4950 Rs.
Step-by-step explanation:
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