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Rate Compounded Anually or Half-Yearly

Anita takes a...

Question

Anita takes a loan of $R s . 5, 000$ for donating books to the poor, at $15 %$ per year as rate of interest. Find the interest she has to pay at end of three years. What value depicted from this?

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Solution

$\begin{matrix} p = 5000 R = 15 r T = 3 y e a r s I n t e r e s t = \frac{P R T}{100} = \frac{5000 \times 15 \times 3}{100} = 2250 v a l u e a f t e r 3 y e a r s = 5000 + 2250 = R s .7250 \end{matrix}$

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