Question

find the amount on rs 7500 for 3 years at 5%per annum​

Answer 1

Answer:

Here, Principal (P)=Rs.7,500, Rate (R)=5% p.a, Time (T)=3 years

Simple Interest =

100

P×R×T

=

100

7500×5×3

=Rs.1,125

Now, Amount = Principal + Simple Interest

=7500+1125

=Rs.8,625

Was this answer helpful?

Answer 2

Given:

We have principal amount=7500, Time=3 years, Rate of interest=5%

To Find:

We need to find amount?

Step-by-step explanation:

• We have principal amount=7500,

        Time=3 years,

        Rate of interest=5%

• Simple interest is given by the formula

            [tex]S.I=\frac{P\times R \times t}{100} \\\\ S.I=\frac{15\times 7500}{100} =1125[/tex]

• Thus, amount=interest +Principal

             Amount=7500+1125=Rs.8625

Hence, Amount is Rs. 8625.