at the rate of 12%per year simple interest a sum of 6000800 will earn how much interest by the end of 4 years answer Rs.3264
Answers
Given :---
- Principal = Rs.6000800
- Rate = 12%
- Time = 4 years.
Formula :--
→ in Simple interest , the interest we get, From Principal is given by = P * R * T/100 . ( where P is Principal , R is rate per annum and T is given Time).
Solution :---
Putting all values in above Formula we get,
→ SI = 6000800 * 12 * 4 /100
→ SI = 60008 * 12 * 4 ( As 2 zero will be cancel )
→ SI = Rs.2880384 ..
Hence, according to Your values we get , Rs.2880384 as Simple interest after 4 years.
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★★Extra Brainly Knowledge★★
→ If interest is compounded Annually , than ,
A = P(1+ R/100)^T
Amount = Principal + Interest ..
- Principal = Rs.6000800
- Rate = 12%
- Time = 4years.
● As we know that in simple interest, we get from principal is given as :
● P × R × T/100.
● Where P is principal, R is rate per annum, and T is given time.
By putting the values in formula :-
SI = 6000800 × 12 × 4/100
SI = 60008 × 12 × 4