Question

What will be the maturity value, if Rs. 13,500 is deposited at a simple rate of interest of 12.5% for
two years?​

Answer 1

Answer:

(13500×12.5×2)/100

135×25

2700+675

simple interest=3375

maturity amount=13500+3375

= 16875

Answer 2

Step-by-step explanation:

We know,

P=Rs.13500

R%=12.5%

T=2 years

S.I.=P×R×T/100

S.I.=13500×12.5×2

S.I.=Rs.3375

Amt.=S.I.+P

Amt.=3375+13500

Amt.=Rs.16875