Q. Find the amount to be paid at the end of 4 years when Principal = Rs. 1500 at 8 % p.a.
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Answered by
1
Answer:
Here, Principal (P)=Rs.7,500, Rate (R)=5% p.a, Time (T)=3 years
Simple Interest =
100
P×R×T
=
100
7500×5×3
=Rs.1,125
Now, Amount = Principal + Simple Interest
=7500+1125
=Rs.8,625
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SIMILAR QUESTIONS
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Find the simple interest and the amount when
Principal=Rs. 1500, rate=12% p.a and time=3 years
Easy
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Answered by
0
Answer:
Rs.8625
Step-by-step explanation:
Here, Principal (P)=Rs.7,500, Rate (R)=5% p.a, Time (T)=3 years
Simple Interest =
100
P×R×T
=
100
7500×5×3
=Rs.1,125
Now, Amount = Principal + Simple Interest
=7500+1125
=Rs.8,625
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