Question

Ram deposits 1 4000 in a Post-office which offers him 5% p.a. as interest. What amount will he
get from the Post-office after 5 years?​

Answer 1

Answer:

Ram will get Rs. 17,500 after 5 years.

Step-by-step explanation:

Ram deposits = Rs. 14,000

Rate = 5%

Money he'll get after 5 years = ??

★ SI = PRT/100

• P = 14,000
• R = 5%
• T = 5 years

⇒ SI = (14,000 × 5 × 5)/100

⇒ SI = 140 × 25

⇒ SI = 3500

★ Amount = SI + Principal

⇒ 3500 + 14000

⇒ 17500

The amount = Rs. 17,500

Therefore, Ram will get Rs. 17,500 after 5 years.

Answer 2

Given :-

• Rate = 5%
• Principal = 14000
• Time = 5 years

To Find :-

Amount returned

Concept :-

At first we need to find simple interest by using the formula

SI =PRT/100

Where

P = Principal

R = Rate

T = Time

After it we need to find amount. Amount = SI + Principal

Solution :-

${\boxed{\pink{\pmb{\mathfrak{SI = \dfrac{PRT}{100}}}}}}$

By putting the value

$\sf SI = \dfrac{14000 \times 5 \times 5}{100}$

$\sf SI = \dfrac{350000}{100}$

$\sf SI = 3500$

Now

$\spadesuit{\boxed{\pink{\pmb{\mathfrak{Amount = SI+Principal}}}}}$

$\sf Amount = 3500 + 14000$

$\sf Amount = 17500$