Question

Find the simple interest and the total amount after three years. Principal =11,750= 11 =11,750 rupees Annual rate of interest 7.5%= Total interest == = rupees Total amount = = = rupeesFind the simple interest and the total amount after three years. Principal =11,750= 11{,}750 =11,750 rupees Annual rate of interest=7.5%=Total interest rupees Total amount rupees

Answer 1

The simple interest after three years is ₹2625 and the total amount is ₹14,375.

Step-by-step explanation:

To find the simple interest and total amount after three years, we can use the formula:

Simple Interest = Principal × Rate × Time

Total Amount = Principal + Simple Interest

Given that the Principal is ₹11,750 and the Annual Rate of Interest is 7.5%, we can calculate the Simple Interest by substituting these values into the formula:

Simple Interest = ₹11,750 × 0.075 × 3

After calculating, we find that the Simple Interest is ₹2625.

To find the Total Amount, we can use the formula:

Total Amount = Principal + Simple Interest

Substituting the values into the formula, we get:

Total Amount = ₹11,750 + ₹2625

After calculation, the Total Amount is ₹14,375.