Question

find the amount when principle=3500 time=1 yr 3 months interest rate =8%

Answer 1

P=3500
T=1yr 3months or 1 3/12yr or 5/4yr
R=8%
SI=(P×R×T)÷100
=(3500×8×5/4)×1/100
=350
Amount=P+SI
=3500+350
=3850
The amount is Rs 3850

Answer 2

Given:-

Principle = Rs. 3500
Rate = 8 %
Time = 1 year 3 months
= 5/4 year

S.I. = (P * R * T)/100
= (3500 * 8 * 5/4)/100
= Rs. 350

Amount = S.I. + Principle
= 3500 + 350
= Rs. 3850 Ans.

Ans.) The amount is Rs. 3850.