Question

If Rihanna deposits 1500 rupees in the school fund at 9 p.c.p.a for 2 years, what is the total amount she will get?

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Answer 1

$\bf {Total \: amount \: she \: will \: get \: will \: be \: Rs \: 1770}$

Step-by-step explanation:

ACCORDING TO THE QUESTION

Rihanna deposits ₹1500 in the school fund at 9 p.c.p.a. for 2 years so the principal is ₹1500 , rate is 9 percent and time is 2 years and we have to find amount.

___________________________

We know that,

Amount = Principal + Simple Interest

Here,

We have principal as ₹1500 and to find the amount we have to find the simple interest

___________________________

We know that,

$Simple \: Interest = \dfrac{Principal \times Rate \times Time}{100}$

$Simple \: Interest = \dfrac{1500 \times 9 \times 2}{100}$

$Simple \: Interest = \dfrac{27000}{100}$

$Simple \: Interest = 270$

$\bf {Simple \: Interest = Rs \: 270}$

___________________________

Now

Let's find Amount

We know that,

Amount = Principal + Simple Interest

Amount = 1500 + 270

Amount = 1770

$\bf {Amount = Rs \: 1770}$

$\bf {Total \: amount \: she \: will \: get \: will \: be \: Rs \: 1770}$

Answer 2

Answer:

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