[tex]\huge {\bf{Find \:the\: amount :}} [tex]
★Principal = $ 10204
★Rate = 25/2%
★Time = 3 years
Answers
Answered by
41
☯GIVEN :
- Principal (P) = $ 10204
- Rate (R) = 25/2 %
- Time (T) = 3 years
☯TO FIND:
- Amount (A) .
➲SOLUTION :
We know that,
Substituting the values :
We also know that,
Substituting the values :
Amount = $ 14030.50.
Anonymous:
Awesome!
Answered by
14
Answer:
Amount = 14030.5
Step-by-step explanation:
- To Find the Amount, We First Calculate Simple Interest and Add it to Principal. Confused ? Don't Worry, Each and every Step is given below to solve it
Simple Interest = (Principal × Rate × Time)/100
⇒ Simple Interest = (10204 × 25/2 × 3)/100
⇒ Simple Interest = (5102 × 25 × 3)/100
⇒ Simple Interest = (5102 × 1 × 3)/4
⇒ Simple Interest = (5102 × 3)/4
⇒ Simple Interest = 15306/4
⇒ Simple Interest = 3826.5
Amount = Principal + Simple Interest
⇒ Amount = 10204 + 3826.5
⇒ Amount = 14030.5
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