Find the amount to be paid at the end of 3 years for Rs 7,500 at $5 %$ p.a.
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Solution

Concept : 1 Mark
Application : 1 Mark
Calculation : 2 Marks

Here,

P = Rs. 7500

R = $5 %$ p.a.

T = 3 years

$S . I . = \frac{P \times R \times T}{100}$

$S . I . = \frac{7500 \times 5 \times 3}{100}$

$S . I . = R s . 1125$

Amount = Principal + Interest

$\Rightarrow$ Amount = 7500 + 1125

Amount = Rs 8625

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