What sum will amount to ruppes 5525 at 10% per annum simple interest in 3 years pls answer explain the sum and tell the meaning of question in simple language pls tell the anwer fast
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Answer:
7182.5
Step-by-step explanation:
They are asking what will be the total money (amount) one has to pay after 3 years if he borrows 5525 rupees at the rate of 10% per annum.
Principal = 5525
Rate = 10%
Time = 3 years
Simple interest = Principal * Time * Rate / 100
Simple interest = 5525*3*10/100
Simple interest = 165750/100
Simple interest = 1657.50
Amount = Principal + Simple interest
Amount = 5525+1657.5
Amount = 7182.5
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