Q.9. Find the amount to be paid at the end of 3 years in this case:
(b) Principal = Rs 7,500 at 5% p.a.
Principal (PA)= Rs 7,500 at 5% p.a. (Rate of interest)
and T = 3 year
We know that,
Now, putting the values in the above equation, we get
So, Amount = PA + PI = 7,500 + 1125 = Rs 8625