Question

Find the amount rs.1560 at 93/4% per annum for 6 months

Answer 1

Accumulated amount formula:

P(1 + i) ⁿ

P = principle amount = 1560

i = interest rate = 93/4%

n = Time in years = 6/12 = 0.5 years

Calculations :

93/4 = 23.25%

(1.2325) ^0.5 × 1560 =

1.1102 × 1560 = 1731.912

Rs 1731.912

Answer 2

Amount would be Rs. 1636.05.

Step-by-step explanation:

Since we have given that

Principal = Rs. 1560

Rate of interest = $9\dfrac{3}{4}=\dfrac{39}{4}$

Time = 6 months

As we know the formula for "Simple interest":

$Interest=\dfrac{P\times R\times T}{100}\\\\Interest=\dfrac{1560\times 39\times 1}{2\times 4\times 100}\\\\Interest=Rs. 76.05$

So, Amount would be

$1560+76.05\\\\=Rs.\ 1636.05$

Hence, Amount would be Rs. 1636.05.

# learn more:

Find the simple interest on ₹ 1560 for 2 years at 5 per cent per annum. Also find the amount

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