Question

If the principal is ₹2500 and rate of interest is 4% per annum. Find the interest and amount for a period of 9 years. ​

Answer 1

Answer:

A = ₹3400, SI = ₹900

Step-by-step explanation:

SI = P ×R×T÷100

= 2500×4×9÷100

= 900Rs

Therefore, A = P + SI

= 2500 + 900

= 3400Rs

Answer 2

In context of question asked,

We have to determine the interest and the amount earned on the money.

As per data given,

We have,

P = Rs. 2500

Rate = 4% annum

Time = 9 years.

As we have,

Amount = Principal + SI

While,

$SI =\frac{PRT}{100}$

So, putting the value of P, R and T in above formula,

We will get,

$SI =\frac{2500 \times 4 \times 9}{100}\\SI = Rs.\:900$

Hence, value of amount will be $Rs.\:2500+Rs.\;900 = Rs.\:3400$