If ₹3750,amount to ₹4620 in 3 years at simple interest. Find the amount of ₹7500 in 11/2 years at same rate of interest.
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GIVEN
A-AMOUNT
P-PRINCIPAL
T-TIME
I-INTEREST
R-RATE
IN FIRST CASE
A=4260
P=3750
I=870
T=3YEARS
R=100*I/P*T
R=100*870/3750*3
R=7.73
IN SECOND CASE
P=7500
T=11/2
R=7.73
I=P*R*T/100
I=(7500*(11/2)*7.73)/100
I=1594.3125
A=P+I
A=7500+1594.3125
A=9094.3125
A-AMOUNT
P-PRINCIPAL
T-TIME
I-INTEREST
R-RATE
IN FIRST CASE
A=4260
P=3750
I=870
T=3YEARS
R=100*I/P*T
R=100*870/3750*3
R=7.73
IN SECOND CASE
P=7500
T=11/2
R=7.73
I=P*R*T/100
I=(7500*(11/2)*7.73)/100
I=1594.3125
A=P+I
A=7500+1594.3125
A=9094.3125
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Answer:
10690 is the answer of the question
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