Math, asked by archi8, 1 year ago

principal = Rs 3500 , time = 1 year 3 month , interest rate = 8%


Ayushk07: simple interest or compound?

Answers

Answered by RehanAhmadXLX
2
Hey Bro.


It seems your question is incomplete but I guess you have asked for Simple Interest.

So, using formula of S.I. =  \frac{P X R X T}{100}

It is given that 
Principle, P = Rs. 3500.
Time, T = 1 Yr. + 3 months = 1 + 3/12
                                            = 1 +  1/4 = 5/4 yrs.
Rate of Interest, R = 8%.


 \frac{3500 X 8 X  \frac{5}{4}}{100}  \\ =35 X 10 \\ = 350

Hence, SI is Rs. 350.

Also, the new amount after 1 yr 3 months, A = P + SI
= 3500 + 350
= Rs. 3850

Hope it helps

RehanAhmadXLX: lemme edit
RehanAhmadXLX: Its left
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