How much will be Rajiv's investment worth at theend, if he invests ₹10,000 at a simple interest rate of 10% per annum for two and a half years?

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Solution

Given P = ₹10,000

R = 10%

time (T) = 2 + 0.5 = 2.5

S.I = $\frac{P \times R \times T}{100} = \frac{10, 000 \times 10 \times 2.5}{100} = ₹ 2500$

Amount = P + S.I = ₹10,000 + ₹2500 = ₹12,500

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How much will be Rajiv's investment worth at theend, if he invests ₹10,000 at a simple interest rate of 10% per annum for two and a half years?

Given P = ₹10,000 R = 10% time (T) = 2 + 0.5 = 2.5 S.I = P×R×T100=10,000×10×2.5100=₹2500 Amount = P + S.I = ₹10,000 + ₹2500 = ₹12,500

Given P = ₹10,000

R = 10%

time (T) = 2 + 0.5 = 2.5

S.I = $\frac{P \times R \times T}{100} = \frac{10, 000 \times 10 \times 2.5}{100} = ₹ 2500$

Amount = P + S.I = ₹10,000 + ₹2500 = ₹12,500