Question

Salma deposited rs. 12000 in a finance company which pays 15% interest per year . Find the amount she is expected to get after 4 whole 1/2 years

Answer 1

SOLUTION :-

Salma deposited Rs 12000 in a Finance Company

The company pays 15% Interest per annum

To be found :-

The amount that Salma will get after 4 years and 6 months

So,

Principal (P) = Rs 12000

Rate of Interest (R) = 15% per annum

Time (T) =  4.5 years

Simple Interest (S.I) = $\frac{P \times R \times T}{100}$

S.I =  $\frac{12000 \times 15 \times 4.5}{100}$

S.I = Rs 8100

Now,

Amount (A) = Principal (P) + Simple Interest (S.I)

Amount (A) = Rs 12000 + Rs 8100

Amount (A) = Rs 20100

Hence,

Salma will get Rs 20100 as Amount

Answer 2

Answer:

20100

Step-by-step explanation:

12000×15×9/100×2

60×15×9=900×9=8100/-

12000+8100= 20100