Question

Q22. Find the amount to be paid at the end of 3 years:
Principal = rs 7000
rate= 5%​

Answer 1

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

Answer 2

Answer:

Amount= ₹8050.

Step-by-step explanation:

Given -

• Principal =₹7000
• Rate of interest = 5% per annum
• Time = 3 years.

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To Find -

• Amount

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Solution -

$\blue\bigstar$$\underbrace\mathscr\red{Finding\:Simple\:Interest-}$

$\mapsto$Formula-

$\sf\orange{Simple\: Interest=\frac{time×rate×principal}{100}}$

ㅤ

$\mapsto$Answer-

$= \frac{7000 \times 3 \times 5}{100} \\ \\ = 70 \times 3 \times 5 \\ \\ = 15 \times 70 \\ \\ = 1050$

So simple interest= ₹1050.

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$\blue\bigstar$$\underbrace\mathscr\red{Finding\:Amount-}$

$\mapsto$Formula-

$\sf\orange{Amount=simple\:Interest+principal}$

ㅤ

$\mapsto$Answer -

$= 7000 + 1050 \\ \\ = 8050$

Hence, amount= ₹8050.

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