If Rihanna deposits 2500 rupees in the school fund at 8 p.c.p.a. for 3 years, what is

the total amount she will get ​

2 thoughts on “If Rihanna deposits 2500 rupees in the school fund at 8 p.c.p.a. for 3 years, what is <br /><br />the total amount she will get ​”

1. Answer :-

   The amount she will get is Rs.3100.

   Step-by-step explanation:

   To Find :–

   • The amount.

   ★ Solution

   Given that,

   Rihanna deposits Rs.2500 in the school, fund at 8 p.c.p.a for 3 years.

   Therefore,

   • Principal = Rs. 2500
   • Rate = 8%
   • Time = 3 years.

   The simple interest is :-

   We know,

   Simple interest = [P × R × T] ÷ 100,

   Where,

   • P = Principal
   • R = Rate
   • T = Time

   ⇒ [P × R × T] ÷ 100

   ⇒ [2500 × 8 × 3] ÷ 100

   ⇒ 25 × 8 × 3

   ⇒ 300 × 3

   ⇒ 600

   The simple interest is Rs.600.

   Now, According the question,

   • The amount is :-

   We know,

   Amount = Simple Interest + Principal,

   ⇒ Simple Interest + Principal

   ⇒ Rs. 600 + Rs. 2500

   ⇒ Rs. 3100

   Hence,

   The amount is Rs.3100.

   Formulas used :-

   • Simple interest = [P × R × T] ÷ 100
   • Amount = Simple Interest + principal.

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2. Answer:

   total amount = 2900 rs.

   Step-by-step explanation:

   principal(P) = ₹2500

   rate of intrest(R) = 8%

   Time (T) = 2 years

   Total intrest (I) = P×R×T÷100

   =2500×8×2÷100

   =400

   Total amount = P+I

   = 2500+400

   = 2900 Rs.

   Reply