Question

Q24) Jerry invested 1,500 in an account that paid him 8.25 % simple
interest, what will the balance of his account be after 5 years.

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Answer 1

Answer:

ans is 2560

Step-by-step explanation:

Answer 2

Answer:

Rs. 2118.75

Step-by-step explanation:

Given, Principal= Rs. 1500

Rate= 8.25%

Time= 5 years

Simple Interest= $\frac{Principal*Rate*Time}{100}$

                        = $\frac{1500*8.25*5}{100\\}$

                        = Rs. 618.75

Amount= Principal+Simple Interest

            = 1500+618.75

            = Rs. 2118.75