Math, asked by tharunkumar7653, 1 month ago

Shen borrowed p8,000 at 7.5 simple interest rate for 5 years how much is thematurity value of her credit?

Answers

Answered by RvChaudharY50
4

Solution :-

→ Sum borrowed = P = p8,000

→ Rate = R = 7.5 %

→ Time = T = 5 years .

So,

→ Maturity value = P[ 1 + (RT/100)] { when rate is at simple interest . }

putting values we get,

→ MV = 8000[1 + (7.5 * 5/100)]

→ MV = 8000[1 + 0.375]

→ MV = 8000 * 1.375

→ MV = p11,000 (Ans.)

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