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Find the simple interest and the total amount after three years.Principal = 7800 rupeesAnnual rate of interest = 9.5%Total interest=rupeesTotal amount =rupees

Find The Simple Interest And The Total Amount After Three YearsPrincipal 7800 RupeesAnnual Rate Of Interest 95Total InterestrupeesTotal Amount Rupees class=

Sagot :

Answer:

The value of the simple interest and the total value after three years is;

[tex]\begin{gathered} \text{Total interest = 2223 rupees} \\ \text{Total amount = 10023 rupees} \end{gathered}[/tex]

Explanation:

Given the following;

[tex]\begin{gathered} \text{ Principal P= 7800 rupees} \\ \text{Annual rate of interest = 9.5\%} \end{gathered}[/tex]

We want to find the simple interest and the total amount after three years.

[tex]t=3\text{ years}[/tex]

The simple interest formula;

[tex]\begin{gathered} I=\frac{Prt}{100} \\ F=P+I \end{gathered}[/tex]

substituting the given values;

[tex]\begin{gathered} I=\frac{7800\times9.5\times3}{100} \\ I=2223\text{ rupees} \end{gathered}[/tex][tex]\begin{gathered} F=P+I=7800+2223 \\ F=10,023\text{ rupees} \end{gathered}[/tex]

Therefore, the value of the simple interest and the total value after three years is;

[tex]\begin{gathered} \text{Total interest = 2223 rupees} \\ \text{Total amount = 10023 rupees} \end{gathered}[/tex]

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