Question

shalini deposited a sum of Rs 3500 in a bank that gives an interest of 7.5 % p.a. what amount does she receive after 8 years​

Answer 1

Given :-

• Principal ( P ) = Rs,3500
• Rate ( R ) = 7.5%p.a
• Time ( T ) = 8 years

To Find :-

• Amount that she will get back after 8 years

Solution :-

➞ Simple Interest = P × R × T ÷ 100

➞ Simple Interest = 3500 × 7.5 × 8 ÷ 100

➞ Simple Interest = 35 × 7.5 × 8

➞ Simple Interest = 35 × 60

➞ Simple Interest = Rs, 2100

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➞ Amount = Principal + Simple Interest

➞ Amount = 3500 + 2100

➞ Amount = Rs, 5600

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Therefore, She will get back Rs,5600 after 8 years

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★ Additional Info :

• Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
• Rate of interest: The interest paid on Rs, 100 for one year is called the rate per cent per year or rate per cent per annum.
• Time: The period of time for which the money is lent or invested.
• Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
• Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
• Amount: The total money paid back to the lender is called the amount.

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Answer 2

Answer:

WAIT....!!!!!

Step-by-step explanation: