Question 13 Marks
Find the simple interest and the amount when:
Principal = Rs. 2650, rate = 8% p.a. and time $=2\frac12\text{ years.}$
Principal = Rs. 2650, rate = 8% p.a. and time $=2\frac12\text{ years.}$
Answer
View full question & answer→Principal (P) = Rs. 2650
Rate (r) = 8% p.a.
$\text{Time(t)}=2\frac12=\frac52\text{ years}$
$\therefore\text{S.I}=\frac{\text{P}\times\text{r}\times\text{t}}{100}$
$=\frac{2650\times8\times5}{100\times2}$
$=\text{Rs. }530$
$\therefore\text{Amount}=\text{P}+\text{S.I.}$
$=\text{Rs. }2650+530$
$=\text{Rs. }3180$
Rate (r) = 8% p.a.
$\text{Time(t)}=2\frac12=\frac52\text{ years}$
$\therefore\text{S.I}=\frac{\text{P}\times\text{r}\times\text{t}}{100}$
$=\frac{2650\times8\times5}{100\times2}$
$=\text{Rs. }530$
$\therefore\text{Amount}=\text{P}+\text{S.I.}$
$=\text{Rs. }2650+530$
$=\text{Rs. }3180$