Question

Find the amount to be paid at the
end of 4 years with a principal amount
of Rs. 1500 at a rate of 8%.
​

Answer 1

Answer:

₹ 2040.73

Step-by-step explanation:

Amt = 1500 (1+ 8/100)^4

= 15×(108)^4/1000000

= ₹ 2040.73

Answer 2

Answer:

₹1980

Step-by-step explanation:

Principal Amount= ₹1500

Rate of interest= 8%

Time= 4years

Simple Interest= ?

Amount= ?

Simple Interest= principal x rate x time / 100

S.I.= 1500 x 8 x 4 / 100

S.I. = ₹480

Amount= principal Amount + Simple Interest

Amount = ₹1500 + ₹480

Hence, Amount to be paid = ₹1980