Question

Find the amount to be paid at the end of the 3 years in each cash principal=Rs1500 for 15%P.a

Answer 1

GIVEN:

• Principal = Rs 1500
• Rate = 15%
• Time = 3 years

TO FIND:

• What is the amount ?

SOLUTION:

✏ First, we have to find the Simple Interest

To find the simple interest, we use the formula:-

$\large{\boxed{\bf{\star \: I = \dfrac{P \times R \times T}{100} \: \star}}}$

According to question:-

➵ I = $\sf{\dfrac{1500 \times 15 \times 3}{100}}$

➵ I = $\sf{\cancel\dfrac{67500}{100}}$

❮ I = Rs. 675 ❯

We know that, the formula for finding the Amount is:-

$\large{\boxed{\bf{\star \: A = PRINCIPAL + S.I. \: \star}}}$

According to question:-

➵ A = 1500 + 675

❮ AMOUNT = Rs. 2175 ❯

❝ Hence, the Amount is Rs. 2175 ❞

______________________

Answer 2

➡ Given:-

✏ Principal (p) = Rs 1500

✏ Rate of Interest (r%) = 15%

✏ Time (t) = 3 years

➡ Find :-

✏ What is the amount?

➡ Solution:-

✅First we have to find out the simple interest.

So , we know the formulae to find simple interest is:-

⏩ p × r × t / 100 ⏪

ATQ:-

--> I= 1500 × 15 × 3 / 100

--> I = 67500/100

--> I = Rs = 675

So , Interest = Rs 675

✅ Then, we have to find the amount.

So, we know the formulae to find amount. ⏩Amount=Principal+ S.I ⏪

ATQ:-

-->A = 1500 + 675

--> A = Rs 2175

So, the amount is Rs 2175

⭐ Hence the amount is = Rs 2175. ⭐

Step-by-step explanation:

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