Plz help Brainy do your Thing
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17
Required Answer:-
Provided:
- Principal amount = $1500
- Rate of interest = 4%
- Time taken = 5 years
By using formula:
Where S.I. is the simple interest, P is the principal, T is the time taken, R is the rate of interest.
Plugging the values,
⇒ S.I = $1500 × 5 × 4/100
⇒ S.I = $(15 × 5 × 4)
⇒ S.I = $300
Then,
(I) Interest earned: $300
(II) Balance of account now:
= Principal + S.I
= $1500 + $300
= $1800
Answered by
8
★ PRINCIPAL AMOUNT = $ 1500
★ RATE OF INTEREST = 4%
★ TIME TAKEN = 5 YEARS
S.I = PROFIT×TIME×RATE / 100
★ S.I = SIMPLE INTEREST
★ P = PRINCIPAL
★ T = TIME TAKEN
★ R = RATE OF INTEREST
______________________
★ S.I = $1500 × 5 × 4/100
★ S.I = $ ( 15 × 5 × 4 )
★ S.I = $ 300
______________________
♠ INTEREST EARNED = $ 300
⚫ PRINCIPAL + S.I
⚫ 1500 + 300
⚫ $ 1800 ✔
______________________
♠ HENCE SOLVED ♠
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