A sum of ₹15,000 is invested at a simple interest rate of 8% per annum. What will be the total amount after 4 years, including the principal?

Question

A sum of ₹15,000 is invested at a simple interest rate of 8% per annum. What will be the total amount after 4 years, including the principal?
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Solution 1

To calculate the total amount after 4 years including the principal, we need to first calculate the simple interest and then add it to the principal amount.

Step 1: Calculate the Simple Interest The formula for simple interest is I = PRT/100, where:

  • P is the principal amount (₹15,000 in this case Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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