Question

Find the sum of money that amounts to rupees 7500 at 3.5% per annum in 1 year.

Answer 1

Answer:

Step-by-step explanation:

Principal P = 7500         n= 1

               r = 3.5% = 35/1000

                              = 7/200

We know Sum =    P( 1 + r/100 )^{n}

                         = 7500( 1 + 7/200 )^{1}

                         = 7500( 207/200 )

                         = 7762.5

Answer 2

Answer:

7246.38

Step-by-step explanation:

A = SI + P

A = PxTxR/100 + P

7500 P*1*3.5/100 + P

7500 = 3.5P/100 + P

7500 = 3.5P + 100P/100

7500 103.5P/100 7500*100 = 103.5P

750000 103.5P

750000/103.5 = P

P = 7246.38 Rs