Question

John deposited rupees 5,500 in a finance company which pays 14% interest per year find the amount he will receive after 3 years ​

Answer 1

S.I. = PRT/100 = (55)(14)(3) = 2310.

Amount = P + S.I. = 5500 + 2310 = 7810.

Answer 2

Answer:

5731

Step-by-step explanation:

Principle - 5,500

rate of interest=14% per year

time=3 yrs

S.I.=(P*R*T)/100

     =(5500*14*3)/100

     =231

AMOUNT=S.I. +PRINCIPLE

                =231+5500

                =5731