Find the interest and the amount.
P=₹ 1500, R=11% p.a., T=3 years
Given :
P = Rs. 1500, R = 11% p.a., T = 3 years.
To find :
We have to find the interest and the amount.
Solution :
Let the amount be A.
$Interest = \frac{PTR}{100}$
$= \frac{1500\times3\times11}{100}$
$= 15\times33$
$= Rs. 495$
$Amount = Principal + Interest$
$= Rs. 1500 + Rs. 495$
$= Rs. 1995$.
 
Interest is 495₹.
Amount is 1995₹
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