Answer to question# 1)
Principal amount = P = 4000
Rate of interest ( R ) = 8.25%
Time period = ( t ) = 9 months = 9/12 = 0.75 years
.
Simple Interest formula is: I = Px R x t
on plugging the values we get:
I = (4000 * (8.25/100) * 0.75)
I = 247.5
.
Hence total amount to be paid is : P + I
Amount = 4000 + 247.5
Amount = 4247.5
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