Question

Find the interest on Rs. 4500 at the rate of 5% per annum for a period of 4 years.
Also, find the amount to be paid at the end of the period.

Answer 1

Given  : Rs. 4500 at the rate of 5% per annum for a period of 4 years.

To  Find  : the interest

the amount to be paid at the end of the period.

Solution:

P = 4500

R = 5 % per annum

T = 4 Years

SI = P * R * T /100

SI = 4500 * 5 * 4 /100

=> SI  = 45 * 20

=> SI = 900

interest  = Rs 900

Amount Paid = 4500 + 900

= Rs 5400

interest  = Rs 900

amount to be paid at the end of the period = Rs 5400

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