Question

sameer deposit rs 12000 in a finance company which pays 15 % interest per Years. Find the amount he is expected to get after 4one upon 2 years

Answer 1

Given
P=12000
R=15%
Time =4 1/2 year = 9/2 year


Si =pxrxt/100

Si=
$\frac{12000 \times 15 \times 9}{100 \times 2}$

=₹8100

AMOUNT = PRINCIPAL + INTEREST

=12000+8100=₹20100

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Answer 2

Answer:

Rs.12081

Step-by-step explanation:

Principal = 12000

Rate of interest = 15% = 0.15

Time = $4\frac{1}{2}=4.5 years$

Simple interest = $\frac{P \times R \times T}{100}$

Simple interest = $\frac{12000 \times 0.15 \times 4.5}{100}$

Simple interest = $81$

Amount = Principal +Interest = 12000+81 = 12081

Hence the amount he is expected to get is Rs.12081