Question

Find the amount to be paid at the end of 3 years in each of the following cases.

i. P = Rs 15000 at 10.5% p.a

ii. p = Rs.18500 at 8.5% p.a​

Answer 1

Final amount = Principal amount + interest

= ₹15000 + 10.5% × ₹15000 × 1

= ₹15000 + ₹1575 = ₹16575

Final amount = Principal amount + interest

= ₹18500 + 8.5% × ₹18500 × 1

= ₹18500+ ₹1572.5 = ₹20072.5

Answer 2

Answer:

I) P = Rs 15000 ; R = 10.5% p.a ; T = 3 Yrs

SI = (P X R X T)/ 100

=> (15000 X 10.5 X 3)/100

=> Rs 4725

Amount = ( P + SI )

=>Rs ( 15000+4725)

=> Rs 19725 ( Answer)

2) p = Rs.18500 ; R = 8.5% p.a ; T = 3 Yrs

SI =(P X R X T)/ 100

=> Rs ( 18500 X 8.5 X 3)/ 100

=> Rs 4717.50

Amount = ( P + SI )

=> Rs (18500 + 4717.50)

=> Rs 23217.50 ( Answer)

Hope it helps