Question

Usman deposited Rs 4500 for 1 1/2 years in a bank which gives 7 1/2 persent interest on it how much amount will he recieve after 1 1/2 years

Answer 1

Step-by-step explanation:

amount = p(1+r/100)n

amount = 4500( 1 + 71/200)11/2 here p means principal and r means rate and n Means time here 71/200 because 71/2/100 here 100 is multiply with 2 so 71/200

so 4500( 1.355) 11/2

4500* 1.355*11 / 2

here answer is 33,536.25