Question

Find the S.I. and amount on: Rs. 225 for 3 years 9 months at 16% p.a.

Answer 1

P = Rs. 225, R = 16% p.a. T = 3 years 9 months

`= 3 9/12 = 3 3/4  "years" = 15/4  "years"`

∴ S.I. = `"P.R.T."/100 = (225 xx 16 xx 15)/(100 xx 4)` = Rs. 135

∴ Amount = P + S.I.

= Rs. 225 + Rs. 135

= Rs. 360