Question

Find the S.I. and amount on Rs. 350 for `3 1/2` years at 8% p.a.

Answer 1

P = Rs. 350, R = 8% p.a. T = `3 1/2` years = `7/2` years

∴ S.I. = `("P.R.T")/100 = (350 xx 8 xx 7)/(100 xx 2)` = Rs. 98

and amount = P + S.I.

= Rs. 350 + Rs. 98 = Rs. 448