Question

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 amount received by him at the end of 4 years​

Answer 1

Step-by-step explanation:

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Answer 2

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