Question

Find the amount if principal=1500rs, rate =15% , time =3years​

Answer 1

Answer:

this your answer correct

Answer 2

Before, finding the answer. Let's find out on how we can find the answer.

• First, we must find the simple by using principal, rate and time.
• Then you can find the amount by adding principle and simple interest

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Given :

• Principal = Rs. 1500
• Rate = 15%
• Time = 3 years.

To find :

• Amount

Solution :

Formula for Simple interest :

$\sf \: Simple \: interest = \dfrac{p \times r \times t}{100}$

$\sf \: Simple \: interest = \dfrac{1500 \times 15 \times 3}{100}$

$\sf \: Simple \: interest = \dfrac{675 \cancel0 \cancel0}{1 \cancel0 \cancel0}$

$\sf \: Simple \: interest = 675$

Hence, the Simple Interest is Rs. 675.

Let's add up Simple interest and Principal to get the amount.

$\sf \: Amount = principal + s.i$

$\sf \: Amount = 1500 + 675$

$\sf \: Amount = Rs.2175$

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KNOW MORE :

Formula for Simple Interest :

$\sf \: Simple \: interest = \dfrac{p \times r \times t}{100}$