Question

Q1)The length of time for $5000 to earn $1000 if invested at 10% per annum
AND
Q2)Khalid invests $6750 at 8.5% per annum.How much interest has he earned and what is the total amount in his account after 4 years?

Umm thanks in advance and also pls show all the steps even the minor steps in great details thanks 😊

Answer 1

Q1)principle:$5000
Rate : 10%
S.I = $1000
Therefore length of time =
S.I x 100 divided by Principle x rate
=1000x100 divided by 5000 x 10
Answer=2years.

Answer 2

Q2) principle:$6750
Rate:8.5%
Time:4 years
Simple interest=
PRT/100
Therefore S.I =
6750*85*4/1000=$2295
Amount=S.I+ Principle
Therefore amount=$2295+$6750=$9045
Answers:S.I:$2295,amount:$9045.

Answer 3

Rupashi, the formula is PxRxT/100.....so why have you put 1000 insted of 100????

Answer 4

Thanks

Answer 5

Thank you kind bro or girl