Question
Find the amount on Rs.7500 at 8% per annum for 3 years.
Solution
Simple Interest (SI) = P × R × T / 100 = 7500 × 8 × 3 / 100 = 7500 × 24 / 100 = 1800 Amount = Principal + Interest = 7500 + 1800 = 9300 Answer: Amount = Rs. 9300
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