principal = Rs 3500 , time = 1 year 3 month , interest rate = 8%
Ayushk07:
simple interest or compound?
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Answered by
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Hey Bro.
It seems your question is incomplete but I guess you have asked for Simple Interest.
So, using formula of S.I. =
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%.
=
Hence, SI is Rs. 350.
Also, the new amount after 1 yr 3 months, A = P + SI
= 3500 + 350
= Rs. 3850
Hope it helps
It seems your question is incomplete but I guess you have asked for Simple Interest.
So, using formula of S.I. =
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%.
=
Hence, SI is Rs. 350.
Also, the new amount after 1 yr 3 months, A = P + SI
= 3500 + 350
= Rs. 3850
Hope it helps
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