Question

Find the amount on rs1800 for 1 years 8 months at 6% per annum.

Answer 1

$\Large\frak{\underline{\underline{Question:}}}$

Find the amount on $1800 for 1 year 8 months at 6% per anum.

$\Large\frak{\underline{\underline{Answer:}}}$

${\underline{\boxed{\red{\sf{rupees\: 1980}}}}}$

$\rule{200}3$

$\Large\frak{\underline{\underline{Explanation:}}}$

➛Time= 1 year 8 months

➛${\sf{1+ \:\frac{8}{12}=\frac{5}{3}\:years}}$

Interest on ₹ 100 for 1 year=

➛${\sf{rupees \: 6}}$

Interest on ₹ 1 for 1 year=

➛${\sf{\frac{6}{100}}}$

Interest on rupees 1800 for 1 year=

➛${\sf{\frac{6}{1800}×1800}}$

${\sf{Interest \: on \: rupees \: 1800 \: for\: \frac{5}{3}\:years}}$

➛$(\frac{6}{100}×1800\:for\:\frac{5}{3}=rupees\:1800)$

➛Hence,Interest = rupees 180

Amount P+1= ₹1800+rupees 180

➛₹ 1980

Answer 2

Answer:

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Step-by-step explanation:

As the interest is added 4 times a year the time period for this calculation is 4×12=2 quarterly years. Hence, the amount to be paid after 6 months is Rs. 1872.72.