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nekit [7.7K]
3 years ago
7

What sum of money amounts Rs.3250 in 6 yrs at the rate of 5%?

Mathematics
2 answers:
geniusboy [140]3 years ago
6 0

Answer:

I = 975

Step-by-step explanation:

Formula for simple interest is

I = PRT

Where P is the principal, r is the annual interest rate, and t is the loan period expressed in years.

p = 3250, r = 5% and t = 6yrs

I = 3250 × 5 × 6/100

I = 97500/100

I = 975

Hope this helps

kvasek [131]3 years ago
4 0
<h3>♫ - - - - - - - - - - - - - - - ~Hello There!~ - - - - - - - - - - - - - - - ♫</h3>

➷ Find the multiplier:

5% ==> 1.05

Use the formula:

final = original x multiplier^n

n is the number of years

Substitute in the values:

final = 3250 x 1.05^6

solve:

final = 4355.310832

The answer is Rs. 4355.31

<h3><u>✽</u></h3>

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

↬ ʜᴀɴɴᴀʜ ♡

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$2,500 principal earning 4%, compounded quarterly, after 4 years $40,000.00 $41,600.00 $2,931.45 $2,924.65
AURORKA [14]

Answer:

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Step-by-step explanation:

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