Question

princple =rs 8500 rate of interest =8.5 p.a time =1 year. find amount

Answer 1

Given, principle , P = Rs. 8500
rate of interest , r = 8.5 % /annum
time , t = 1 yr.

We know, Simple interest , S.I = P × r × t/100

so, S.I = 8500 × 8.5 × 1/100

S.I = 85 × 8.5 = Rs. 722.5

hence, amount after 1 yr will be (P + S.I)

= Rs. 8500 + Rs. 722.5

= Rs. 9222.5

Answer 2

Hey there!

Given,

Principle(P) = Rs. 8500

Rate (R)= 8.5%

Time(T)=1 year

We know,

S.I = P*R*T/100

S.I = 8500*8.5*1/100

S.I = Rs. 722.5

Now,

Amount = P + S.I

Amount = Rs.(8500+722.5)

Amount = 9222.5

Hope it helps YoU!