ON RS 450 A 4% pen annuform for 2years and 9 months using formula
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Answer:
S.I. = Rs 13.50
Amount = Rs 463.50
Step-by-step explanation:
Principle= Rs 450, rate= 4%, time= 9 months
time= 9 months = 9/12 years= 3/4 years
S.I.= (p*r*t)/100 = (450*4*3/4)/100 = rs 1350/100 = rs 13.50
amount = p+S.I. = 450+13.50 = Rs 463.50
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