solve the following question in detail
find the amount. to be paid at the end of 3
years
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India is a country in the North Indian Ocean that is the most vulnerable to getting hit by tropical cyclones in the basin, from the east or from the west.On average, 2–3 tropical cyclones make landfall in India each year, with about one being a severe tropical cyclone or greater.
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Answer:
Find the amount to be paid at the end of 3 years in case
Principal =Rs.7,500 at 5% p.a
Explanation:
Here, Principal (P)=Rs.7,500, Rate (R)=5% p.a, Time (T)=3 years
Simple Interest =
100
P×R×T
=
100
7500×5×3
=Rs.1,125
Now, Amount = Principal + Simple Interest
=7500+1125
=Rs.8,625
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