# Solve 1.ii and iii

Dear Student,

1 (ii) Principal = 6750 , Rate =  per annum
and time = 3 years and 2 months
12 months = 1 year
so 1 month = $\frac{1}{12}$years and 2 months =
so time = 3 years and 2 months = 3 +

iii )  Given that  rate of interest for 1 month = 0.5%
so simple interest earned in 1 month = 0.5% of principal = 0.5 * 14320 /100 = 71.6
so interest earned in 1year 3 months that is in 15 months = 15 *  71.6 =  Rs 1074
so SI = 1074 and Amount = principal + SI = 14320 + 1074 = Rs 15394.