vaishali invested rupees 25000 with an instrument which would pay the rate of interest 8 percent p. a. during first year and 6 percent p. a. during second year. find the amount she will get back after two years
Answers
Answer: -
"Amount of money, Vaishali will get back after 2 Years = 3500"
Explanation:-
The rate of interest is Simple interest.
Principal Amount = 25,000
Rate of interest per anum for 1st year = r₁ = 8 % = 0.08
Rate of interest per anum for 2nd year = r₂ = 6 % = 0.06
Amount of interest after 1st Year = nPr₁ = (1)(25000)(0.08) = 2000
Amount of interest after 1st Year = nPr₂ = (1)(25000)(0.06) = 1500
Amount of money, Vaishali will get back after 2 Years = 2000 + 1500
"Amount of money, Vaishali will get back after 2 Years = 3500"
Hope it will help You.
Answer:
Total Amount Received by Vishali after 2 years = 28,500
Step-by-step explanation:
Given that
Amount Invested in rupees = I = 25,000
Rate of interest for first year = r₁ = 8 % = 0.08
Rate of interest for second year = r₂ = 6 % = 0.06
As we know the formula of simple interest is
A =Irt
where,
I = Amount Invested
r = rate of interest
t = time in years
So, lets calculate interest for first year in rupees
A₁ =Ir₁t
A₁ =25,000x0.08x1
A₁ = 2000
Also for second year
A₁ =Ir₁t
A₁ =25,000x0.06x1
A₁ = 1500
So,
Total Amount Received by Vishali after 2 years = 25,000 + 2,000 + 1,500
Total Amount Received by Vishali after 2 years = 28,500