Question

rs. 750 is invested in a bank at a simple interest of 4.5% per annum for four years. What is the amount that will be accured at the end of the 4-year period
Plz.. Answer.. Step wise...

Answer 1

From the question asked by you we can derive the following information,

Principal, P = ₹ 750
Rate of interest, R = 4.5% p.a.
Time, T = 4 years

Since, it is mentioned that the money is invested at simple interest so we must apply the formula of simple interest here.

Simple Interest, SI = ( P * R * T ) / 100
SI = ( 750 * 4.5 * 4 ) / 100
SI = ( 13,500 ) / 100
SI = ₹ 135

Now,

Amount, A = Principal ( P ) + Simple Interest ( SI )
A = P + SI
A = ₹ 750 + ₹ 135
A = ₹ 885

Therefore,

The amount that will be accured at the end of 4 years = ₹ 885

Answer 2

Hey there ✌̤✌̤✌̤
ᴜʀ ᴀɴꜱ ɪɴ ʜᴇʀᴇ

●INTEREST = Interest is the price paid by a borrower for the use of a lender's money.

TYPE OF INTEREST----- there are 2 type of interest--
●Simple Interest
●Compound Interest

♥Simple Interest = Simple interest is the computed on the principal for the entire period of borrowing.
Formula -----
I = Pit
A = P + I
I = A - P

here
I = Amount of Interest
P = principal ( initial value of an investment)
A = Accumulated amount ( Final value of an investment)
i = Annual interest rate in decimal
t = time in years

♥Compound Interest = compound interest as the interest that accrues when earnings for each specified period of time added to the principal thus increasing the principal base on which subsequent interest is compound.

Formula -
A = p (1 + i)^n
where,
i = Annual rate of interest
n = Number of conversion period per year
INTEREST = An - P
or
= P ( 1 + i)^n - P

Let, move to ur Question -----

ɢɪᴠᴇɴ ----
ᴩ = ₹ 750
ʀᴀᴛᴇ = 4.5%
ᴛɪᴍᴇ = 4 yᴇᴀʀꜱ

ᴀꜱ ᴡᴇ ᴋɴᴏᴡ
ꜱɪ = ᴩʀᴛ/100

ꜱᴏ,

.

= 13500/100
= ₹135


ꜱᴏ ᴀᴍᴏᴜɴᴛ = ₹ 750 + 135
= ₹ 885

ѕσ αftєr 4 чєαrѕ wє wíll gєt ₹ 885.

h̤o̤p̤e̤ i̤t̤ h̤e̤l̤p̤s̤ ṳ.̤.̤.̤.̤❤̤❤̤
̤f̤e̤e̤l̤ f̤r̤e̤e̤ t̤o̤ a̤s̤k̤ a̤n̤y̤ q̤ṳe̤r̤y̤☺̤☺̤