Answer:
Step-by-step explanation:
To calculate the amount RAM will get after two years and six months with a simple interest rate of 4.5% per annum, you can use the formula for simple interest:
Simple Interest = P×R×T/100
where:
P is the principal amount (initial deposit),
R is the rate of interest per annum, and
T is the time in years.
In this case:
P=Rs.1,00,000
R=4.5% per annum (0.045 in decimal form)
T=2.5 years (2 years + 6 months converted to years)
Now, substitute these values into the formula:
Simple Interest = 100000 × 0.045 × 2.5/100
= 11250/100
= 112.5
Calculate the result to find the simple interest earned. Then, add this interest to the principal amount to get the total amount.
Total Amount = Principal + Simple Interest
Total Amount = 100000 + 112.5
=100112.5
Therefore, he will get 100112.5 after two years and six months
