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Byju's Answer
Standard VII
Mathematics
Understanding Simple Interest
Find the amou...
Question
Find the amount to be paid at the end of
3
years for
R
s
.
7
,
500
at
5
%
p.a.
A
Rs 8700
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B
Rs 8625
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C
Rs 7625
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D
Rs 8500
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Solution
The correct option is
B
Rs 8625
Here,
Principal,
P
=
R
s
.
7500
Rate,
R
=
5
%
p.a.
Time,
T
=
3
years
S
.
I
.
=
P
×
R
×
T
100
S
.
I
.
=
7500
×
5
×
3
100
S
.
I
.
=
R
s
.
1125
Amount = Principal + Interest
⇒
Amount = 7500 + 1125
Amount = Rs 8625
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