Question

Sourabhi invested an amount of Rs 16,840 at the rate of 6 p.c.p.a. for 5 years. What total amount will she
obtain with the simple interest at the said rate at the end of 5 years?​

Answer 1

★Given:-

• Principle = 16840
• Rate = 6
• Time = 5years

★To find:-

• Total amount with which she  will obtain with the simple interest at the said rate at the end of 5 years?​

★Solution:-

We know:

$\leadsto \underline{\boxed{\sf S.I=\frac{PRT}{100} }}$

Putting the values,

$:\implies \sf S.I = \dfrac{16840 \times 5\times 6}{100} \\\\:\implies \underline{\sf S.I = 5052}$

Hence,

The simple intrest is Rs.5052

Using the formula,

$\leadsto \underline{\boxed{\sf Amount = Principle+S.I}}$

Putting values,

$\sf Total\ amount\ received :-\\\\:\implies \sf A = 16840 +5052\\\\:\implies \underline{\boxed{\sf A = 21892}}$

Hence,

The total amount  she  obtains with the simple interest at the said rate at the end of 5 years is Rs.21892.

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Know more:-

Simple interest on yearly basis:

Simple Interest for n months,

• (P × n × R)/ (12 ×100)

Compound interest:-

• A = P (1 + r/n)⁽ⁿᵗ⁾

Where,

A = final amount

P=initial principal balance

r=interest rate

n=number of times interest applied per time period

t=number of time periods elapsed

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Answer 2

Answer :-

$\large\leadsto\mathsf{Given:}$

Principle = Rs.16,840

Rate = 6%

Time = 5years

$\large\leadsto\mathsf{To\: find:}$

Amount at the end of 5 years

$\large\leadsto\mathsf{Solution:}$

$\purple{\boxed{\sf{SI = \frac{P \times R \times T}{100} }}}$

$\large\mathsf{SI = \frac{16840 \times 6 \times 5}{100} }$

$\pink{\boxed{\sf{SI=Rs.5052}}}$

$\orange{\boxed{\sf{Amount=SI+Principle}}}$

Amount = 16840+5052

$\large\red{\boxed{\sf{Amount=Rs.12,892}}}$

Hope it helps..

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