Question

Find the simple interest and the amount when :
$Principle=Rs6400,rate=6\%p.a$ and $time=2years$.

Answer 1

Given that,

$P=Rs.6400$

$R=6$% p.a

$T=2$years

$S.I=\frac{PTR}{100}=\frac{6400\times 2\times 6}{100}=Rs.768$

$Amount=P+S.I=6400+768=Rs.7168$