Question
A sum of Rs 10,000 is deposited at 9% simple interest
per annum. What will be the amount after 3.5 years?Solution
SI = (P × R × T)/100 = (10,000 × 9 × 3.5)/100 = 10,000 × 31.5 / 100 = 10,000 × 0.315 = 3,150 Amount = Principal + Interest = 10,000 + 3,150 = Rs 13,150 Answer: Rs 13,150.
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