Ram deposited a sum of Rs 4500 in a bank at the rate of 8% per year for 2.5 years find the interest of the sum and find the amou

Question

Margaret [11]

2 years ago

9

Ram deposited a sum of Rs 4500 in a bank at the rate of 8% per year for 2.5 years find the interest of the sum and find the amou

nt received by him at the end of 4 years

Mathematics

2 answers:

Andrej [43] · Answer 1 · 2022-11-21T13:03:40+03:00

Andrej [43]2 years ago

8 0

Step-by-step explanation:

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icang [17] · Answer 2 · 2022-11-21T14:20:07+03:00

icang [17]2 years ago

3 0

Interest = principal * rate * time
I = PRT
P = 4500
R = 8% = 8/100
T = 2.5 yr

I = 4500 * 8/100 * 2.5
I = 900

Amount = interest + principal
A = I + P
I = 4500 * 8/100 * 4 = 1440
P = 4500

A = 1440 + 4500 = 5940