Question

On Rs 560 for 4 years at 31\2 per annum​

Answer 1

Answer:

415.8

P=360

T=4 yrs

R=31/2%=15.5%

A= 360×(100+15.5)÷100

=415.8

Answer 2

Answer:

I = (P×T×R)/100

I = (560× 4× 31/2)/100

I = 34,720 / 100

I = 347.2

Note: I means interest

P means Principal

T means time

R means rate