Question

Find the simple interest and the amount when
Principal$=Rs.6400,rate=6\%p.a$ and $time=2years$

Answer 1

$P=Rs6400,R=6\%p.a,T=2years$

$\therefore SI=\frac{PRT}{100}=\frac{6400\times 6\times 2}{100}=Rs768$

$\therefore$ $Amount=P+SI=Rs7168$