Find the amount to be paid at the end of 3years on rs 7500 at5℅p.a
5% rate of of interest at 1 year.
therefore, amont of interest in 3 years,
= 5
____ multiplied by 7500 multiplied by 3
100
= ₹1125
So, with an interest of 5%, the total amount of money with the interest that he would get after 3 years would be ₹1125.
therefore, amont of interest in 3 years,
= 5
____ multiplied by 7500 multiplied by 3
100
= ₹1125
So, with an interest of 5%, the total amount of money with the interest that he would get after 3 years would be ₹1125.