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Answer :
The simple interest is approximately 342.19 rupees, and the final amount is approximately 3467.19 rupees.
To calculate the simple interest and the final amount, you can use the formulas for simple interest:
Simple Interest (SI)
Simple Interest (SI)= P⋅R⋅T/100
And the final amount (A) can be calculated by adding the simple interest to the principal amount:
Amount (A)=P+SI
Given the values:
P=3125 (Principal amount in rupees)
R=15% (Interest rate as a percentage)
T=73 days (Time in days)
First, convert the interest rate to a decimal:
R= 15/100 =0.15.
Now plug in the values to calculate the simple interest:
SI= 3125⋅0.15⋅73/100
SI=342.1875
Now calculate the final amount:
A=P+SI
A=3125+342.1875
A=3467.1875
So, the simple interest is approximately 342.19 rupees, and the final amount is approximately 3467.19 rupees.
For more questions on simple interest and final amount:
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