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Find the amount to be paid at the end of 3 years in this case: Principal = Rs 7,500 at 5% p.a.

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.

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M manish


 

Given that,
Principal (PA)= Rs 7,500 at 5% p.a. (Rate of interest)
and T = 3 year
We know that,
Interest = \frac{P\times R\times T}{100}
Now, putting the values in the above equation, we get
\Rightarrow \frac{7,500\times 5\times 3}{100} = Rs\ 1125 

So, Amount = PA + PI = 7,500 + 1125 = Rs 8625

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