Answer:
The value of the simple interest and the total value after three years is;
[tex]\begin{gathered} \text{Total interest = 2223 rupees} \\ \text{Total amount = 10023 rupees} \end{gathered}[/tex]
Explanation:
Given the following;
[tex]\begin{gathered} \text{ Principal P= 7800 rupees} \\ \text{Annual rate of interest = 9.5\%} \end{gathered}[/tex]
We want to find the simple interest and the total amount after three years.
[tex]t=3\text{ years}[/tex]
The simple interest formula;
[tex]\begin{gathered} I=\frac{Prt}{100} \\ F=P+I \end{gathered}[/tex]
substituting the given values;
[tex]\begin{gathered} I=\frac{7800\times9.5\times3}{100} \\ I=2223\text{ rupees} \end{gathered}[/tex][tex]\begin{gathered} F=P+I=7800+2223 \\ F=10,023\text{ rupees} \end{gathered}[/tex]
Therefore, the value of the simple interest and the total value after three years is;
[tex]\begin{gathered} \text{Total interest = 2223 rupees} \\ \text{Total amount = 10023 rupees} \end{gathered}[/tex]
