Question

Please answer this with explanation ​

Answer 1

Question:-

1. Find the Simple Interest on ₹4,000 at 7.5% p.a. for 3 years 3 months. Also find the amount.

Given:-

• Principal (P) = ₹4,000.

• Rate of Interest (R) = 7.5%.

• Time = 3 years 3 months.

To Find:-

• Simple Interest and Amount.

Solution:-

Time = 3 years 3months.

$\sf \large 3 \: years + \frac{3}{12} \: years.$

$\sf \large = (3 + \frac{1}{4} ) \\ \\ \sf \large = \frac{13}{4} \: years.$

Formula Used:-

$\large{\blue{\bigstar}} \: \: {\underline{\boxed{\color{red}{\sf{ Simple \: Interest \: = \dfrac{Principal \times Rate \times Time}{100}.}}}}}$

$\sf \large = \frac{4,000 \times 7.5 \times 13}{100 \times 4}$

$\sf \large = 75 \times 13 \\ \\ \sf \large = ₹975.$

$\large{\blue{\bigstar}} \: \: {\underline{\boxed{\color{red}{\sf{Amount = Principal + Simple \: Interest . }}}}}$

$\sf \large = 4,000 + 975 \\ \\ \sf \large = ₹4,975.$

• Amount = ₹975.

• Simple Interest = ₹4,975.

Answer:-

Hence, Simple Interest and Amount is ₹4,975 and ₹975 Respectively.

Hope you have satisfied. ⚘

Answer 2

Answer:

₹4225

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