find the simple interest and amount if principal = 5500 and rate = 4.25 and time = 18 month
Answers
Answered by
2
Answer:
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Gɪᴠᴇɴ :-
Pʀɪɴᴄɪᴘᴀʟ = 5500 ʀᴜᴘᴇᴇs
Rᴀᴛᴇ = 4.25%
Tɪᴍᴇ = 18 ᴍᴏɴᴛʜs = 3/2 ʏᴇᴀʀs
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Tᴏ ғɪɴᴅ :-
Sɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇsᴛ ᴀɴᴅ ᴀᴍᴏᴜɴᴛ
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Sᴏʟᴜᴛɪᴏɴ :-
Sɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇsᴛ = PRT/100
➡ = 5500 * 4.25 * 3 / 100*2
➡ = 70125 / 200
➡ = 350.625 ʀᴜᴘᴇᴇs
Aᴍᴏᴜɴᴛ = sɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇsᴛ + ᴘʀɪɴᴄɪᴘᴀʟ
➡ =350.625+5500
➡ =5850.625 ʀᴜᴘᴇᴇs
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Hᴇɴᴄᴇ,
Tʜᴇ sɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇsᴛ ɪs 350.625 ʀᴜᴘᴇᴇs
Tʜᴇ ᴀᴍᴏᴜɴᴛ ɪs 5850.625 ʀᴜᴘᴇᴇs.
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Hᴏᴘᴇ ɪᴛ ʜᴇʟᴘs......... ❤❤
Answered by
1
Simple interest=P*R*T/100
Time is 18 months i.e., 12 months and 6 months
U can count as 1.5 year
Then,
5500*4.25*1.5/100
350.625 is simple interest
Time is 18 months i.e., 12 months and 6 months
U can count as 1.5 year
Then,
5500*4.25*1.5/100
350.625 is simple interest
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