Question

Q8. Find the interest and amount when Principal = 7500, Rate of
Interest = 5%, Time = 5 years.

Answer 1

Answer:

$\rightarrow$ Amount= ₹9,375

$\rightarrow$ Simple Interest = ₹1875.

Step-by-step explanation:

Finding Simple Interest-

Principal = ₹7500

Rate= 5%

Time = 5 years.

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

$= \frac{7500 \times 5 \times 5}{100} \\ \\ = 75 \times 5 \times 5 \\ \\ = 75 \times 25 \\ \\ = 1,875$

So, simple interest = ₹1,875.

ㅤ

Finding Amount-

$\color{black}\boxed{\colorbox{saffron}{Amount=Principal+Simple\:Interest}}$

$7500 + 1875 \\ \\ = 9,375$

So, amount= ₹9,375.

Answer 2

Answer:

hope it helps you!!!!!!