find the amount from the investment of 4500 for 2 years at 5 paise per rupes interst ​

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find the amount from the investment of 4500 for 2 years at 5 paise per rupes interst ​

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Aaliyah 1 month 2021-08-18T18:25:34+00:00 1 Answer 0 views 0

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    2021-08-18T18:26:59+00:00

    Step-by-step explanation:

    Given :

    Investment of Rs. 4500 at 5 paise per rupee interest for 2 years.

    To Find :

    Final amount after maturity for 2 years.

    Solution :

    100 paisa = 1 Rupee

    Converting 5 paisa to rupee.

    5 paisa =  = 0.05 Rupee

    ∵ Interest will be paid per rupee = 0.05 rupee

    ∴ for 4500 Rs. interest will be paid = 4500 × 0.05

                                                              = 225 Rs.

    ∴ For two years interest will be = 225 × 2

                                                       = 450 Rs.

    Final amount = Principal amount + Interest

                          = 4500 + 450

                          = 4950 Rs.

    Final amount from the investment of 4500 Rs. would be 4950 Rs.

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