Find the amount on Tk. 28,000 at the rate of 7.5% p. a. for 10 years.
Answers
Answer:
The amount on Tk. 28,000 at the rate of 7.5% p. a. for 10 years is Tk. 49,000.
Step-by-step explanation:
Given that:
Principal = Tk. 28,000
Rate = 7.5% p.a.
Time = 10 years
To Find:
What is the amount?
Formula used:
In Simple interest.
S.I. = (P × R × T)/100
A = P + S.I.
Where,
S.I. = Simple interest
A = Amount
P = Principal
R = Rate
T = Time
Finding the simple interest:
⟶ S.I. = (28000 × 7.5 × 10)/100
⟶ S.I. = 2100000/100
⟶ S.I. = 21000
∴ Simple interest = Tk. 21,000
Finding the amount:
⟶ A = 28000 + 21000
⟶ A = 49000
∴ Amount = Tk. 49,000
The amount on Tk. 28,000 at the rate of 7.5% p. a. for 10 years is Tk. 49,000.
Given that:
Principal = Tk. 28,000
Rate = 7.5% p.a.
Time = 10 years
To Find:
What is the amount?
Formula used:
In Simple interest.
S.I. = (P × R × T)/100
A = P + S.I.
Where,
S.I. = Simple interest
A = Amount
P = Principal
R = Rate
T = Time
Finding the simple interest:
⟶ S.I. = (28000 × 7.5 × 10)/100
⟶ S.I. = 2100000/100
⟶ S.I. = 21000
∴ Simple interest = Tk. 21,000
Finding the amount:
⟶ A = 28000 + 21000
⟶ A = 49000
∴ Amount = Tk. 49,000