Question

9690 is invested for 2 years 4 months at 7½% per annum simple interest, find
the interest and the amount​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

11360

Step-by-step explanation:

Principal (P)= Rs:- 600

Time(T)= 2years 4months

=2+4/12

=2+1/3

=(6+1)/3

=7/3 years

Rate of interest (R)=75%

Let Simple Interest =I

I=(PTR/100)

=(9690×7×7.5)/(100×3)

=Rs =1760

Therefore

Amount

=9690+1760

= 11360

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