Question

Find the amount to be paid at the end of 3 years if Principal = Rs 9,000 at 8% p.a.​

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