If ₹ 450 amounts to ₹ 540 in 4 years at simple interest,find the sum that will amount to ₹ 637.50 in 5 years at the same rate of interest.
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Answer:
R = S.I * 100
-----------
P * t
=) 90 * 100
-----------
450 * 4
=) 5 percent
so) therefore
SI = 637.50 * 5 * 5
------------------
100
= 159.375
A = P + SI
= 637.50 + 159.375
= 796.875
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