Question

Find the simple interest and the amount when:

Principal = Rs 6400, rate = 6% p.a. and time = 2 years

Answer 1

$$\begin{gathered} \begin{array}{l}\mathrm{P}=\mathrm{Rs}.6400,\mathrm{R}=\mathrm{6\%},\mathrm{T}=2\mathrm{years}\\ \mathrm{S}.\mathrm{I}.=\frac{\mathrm{P\times R\times T}}{\mathrm{100}}=\frac{6400\times 6\times 2}{100}\\ =\mathrm{Rs.}768\\ \mathrm{Amount=P+S.I}.\end{array} \\ =6400+768 \\ =\mathrm{Rs.\; 7168} \end{gathered}$$