Question

If the principal amount is rs 4870 rate is 1.5 % time is 5/4 years what will be the amount

Answer 1

Amount = 5783.125

Step-by-step explanation:

Given,

Principal = 4870

rate = 1.5%

time = $\frac{5}{4} year$

Now calculate the interest,

Simple interest (SI) = $\frac{4870\times 1.5 \times5}{100 \times 4}$

                               = 913.125

Amount is equal to principal plus interest,

Amount = principal + interest

Amount =$4870 + 913.125$

Amount = 5783.125