what will be the simple interest if 10,000 is invested for 3 years at the rate of 8p.c.p.a
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Answered by
1
Answer:
Question 1:
If Rihanna deposits 1500 rupees in the school fund at 9 p.c.p.a for 2 years, what is the total amount she will get?
ANSWER:
Given:
Principal (P) = 1500 rupees,
Rate of interest (R) = 9%
Time (T) = 2 years
Total interest (I) = P×R×T100
=1500×9×2100
= 270 rupees
Now, total amount = P + I
= 1500 + 270
= 1770 rupees
Hence, Rihanna will get the total amount of 1770 rupees.
Answered by
0
P = 10000, T= 3 years, R= 8% p.a.
S.I. = P*To*T/ 100
= 10000* 3*8/100
=2400
A=P+I
=10000+2400
=12400
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