Question

Find the S.I. and the amount on:
Rs 350 for 3 (1/2) years at 5% per year.

Answer 1

We know that $Rs.350$

$T=3\left(1/2\right)$ years $=(7/2) years

$R=8\%$ p.a.

Here S.I $=(P\times R\times T)/100$

Substituting the values

$=(350\times 8\times 7)/(100\times 2)$

$=Rs.98$

Amount $=P+S.I$

Substituting the values$=350+98=Rs.448$