Question
Find the simple interest on Rs 3,000 at 6% per annum for 4 years. Also find the amount.
Solution
SI = (P × R × T)/100 = (3000 × 6 × 4)/100 = 3000 × 24 / 100 = 720 Amount = Principal + Interest = 3,000 + 720 = Rs 3,720 Answer: SI = Rs 720, Amount = Rs 3,720
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