Suman invested Rs 4000 ina a building society which paid simple interest at the rate of 6℅ p.a . After 2 years the rate was increased to 7½ p.a . Find the amount she received after 5 years
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Answer:
The Amount she received After 5 yrs is ₹5380
Step-by-step explanation:
Hey Mate,
Given,
(P) Principle = ₹4000
(T) Time = 5 Years
(R₁) Rate for First 2 yrs = 6%
(R₂) Rate for last 3 yrs = 7.5%
(S.I) Simple Interest = P×R×T/ 100
S.I = {P × R₁ × T / 100} + {P × R₂ × T / 100}
S.I = {4000 × 6 × 2 / 100} + {4000 × 7.5 × 3 / 100}
S.I = 480 + 900
S.I = ₹1380
(A) Amount = Simple interest + Principle
A = 1380 + 4000
A = ₹5380
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