Question

Find the amount to be paid on ₹4850 for 6 years at 4% per annum.​

Answer 1

Answer:

Rs. 16,500

Step-by-step explanation:

• Solution

The simple interest to the sum Rs. 15,000 for 2 years at a rate of interest 5% per annum is

S.I.= 100 /PRT

⇒ 100 / 15,000×2×5 =1,500.

The interest will be Rs. 1,500

and the amount at the end of 2 years.

=P+I=15000+1500=

Rs. 16,500

Answer 2

Answer:

The simple interest to the sum Rs. 15,000 for 2 years at a rate of interest 5% per annum is

S.I.= 100/PRT

→ 100 / 15,000×2×5=1,500.

The interest will be Rs. 1,500

and the amount at the end of 2 years.

=P+1=15000+1500=

Rs. 16,500

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Step-by-step explanation:

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