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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Answered by
1
Answer:
Rs.1770
Step-by-step explanation:
Given : If Rihanna deposit 1500 rupees in the school fund at 9 p.c.p.a for 2 year.
To find : What is the total amount she will get?
Solution :
Using simple interest formula,
Where, P is the Principal P=Rs.1500
R is the interest rate R=9%=0.09
T is the time T=2 year
Substitute the values,
Total amount A=P+I
A=Rs.1500+Rs.270
A=Rs.1770
Therefore, the amount she will get is Rs.1770.
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Answered by
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➤ Given :-
Principle :- ₹ 1500
Rate of interest :- 9%
Time :- 2 years
➤ To Find :-
Total amount that Rihanna will get
➤ Formula required :-
➤ Solution :-
Total amount :-
The total amount received by Rihanna at end is ₹ 1770.
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Some related formulas :-
Simple Interest :-
Principle :-
Rate of interest :-
Time :-
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