Question

I deposit rupees 10000 with a finance company which Pay 15% per annum simple interest how much can I get an interest at the end of 3 years and 4 years

Answer 1

this is SI of the question. of three year

Answer 2

3 years : = Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 15%/100 = 0.15 per year.

Solving our equation:

A = 10000(1 + (0.15 × 3)) = 14500

A = 14,500.00

The total amount accrued, principal plus interest, from simple interest on a principal of 10,000.00 at a rate of 15% per year for 3 years is 14,500.00.

FOR 4 YEARS

A = 10000(1 + (0.15 × 4)) = 16000

A = 16,000.00