Please help me to do this
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A =P+SI
A=2500+1050
A=3550
4000-3550 = 450
HE NEEDS Rs. 450
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A=2500+1050
A=3550
4000-3550 = 450
HE NEEDS Rs. 450
please follow me
Answered by
1
Answer:
Mr Kannan still needs ₹450
Step-by-step explanation:
Since the question doesn't mentioning compounding, we should presume that simple interest is appropriate here.
This just means that for each year, the interest received will be 12% of the ₹2500 principal. So the interest for each year is
12% of ₹2500 = 0.12 × ₹2500 = ₹300.
As the investment is for 3.5 years, the total amount of interest received is
3.5 × ₹300 = ₹1050.
So in total, Mr Kannan now has
₹2500 + ₹1050 = ₹3550.
Since he needs ₹4000 for the table, the extra money he still needs is
₹4000 - ₹3550 = ₹450
Anonymous:
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