Rupees 1600 is invested for 2 yrs 6 months at 8 1/2 % per annum simple interest. find the interest and the amount.
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Step-by-step explanation:
Simple interest = PTR/100
= 1600 * 5/2 * 17/2 / 100
= 16 * 85/4
= 4*85 = 340 rupees
Amount = principle + Simple interest
= 1600 + 340
= 1940 rupees
Answered by
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Answer:
Interest = Rs. 340
Amount = Rs. 1940
Step-by-step explanation:
principal P = 1600
No. of years n = 2.5 years
Interest rate r = 8.5 %
simple interest I = Pnr / 100
I = 1600*2.5*8.5 / 100
I = Rs. 340
Amount = P + I
= 1600 + 340
= Rs. 1940
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