Question

Raja invested Rs 5000 for 3 years at the rate of 11% per annum. Find the amount received by him at the end.

Answer 1

Here, as per the provided question we are asked to find the amount received by him at end –

GIVEN :

• Principal = ₹5,000
• Rate of interest = 11% per annum
• Time = 3 years

TO FIND :

• Amount received by Raja = ?

STEP-BY-STEP EXPLANATION :

Now, here here we have to find the amount received by Raja at the end when the basic informations are provided here –

→ principal = ₹ 5,000

→ rate of interest = 11% p.a.

→ time = 3 years

Now, we will have to find simple interest first of all –

→ Simple intrest = P × R × T / 100

→ 5,000 × 11 × 3 / 100

→ ₹1,650

Hence, simple interest = ₹1,650

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So, here we have to find amount received by Raju at end :

→ Amount = principal + simple interest

→ Amount = ₹5,000 + ₹1,650

→ Amount = ₹6,650

Therefore, amount received by Raju at end = ₹6,650.

Answer 2

Answer:

Explanation:

Given :

• Principal (P) = Rs. 5000
• Time (t) = 3 years
• Rate of interest (R) = 11%

To Find :

• The amount received by him at the end.

Formula to be used :

• Simple interest = P × R × t/100
• Amount = Principal + Simple interest

Solution :

★Simple interest,

S.I = P × R × t/100

⇒ S.I = 5000 × 11 × 3/100

⇒ S.I = 50 × 33

⇒ S.I = Rs. 1650

★Amount,

A = P + S.I

⇒ A = 5000 + 1650

⇒ A = Rs. 6650

Hence, The amount received by him at the end is Rs. 6650.