Question

Calculate simple interest and amount on R10,500 at the rate of 6% per annum for 3 years

Answer 1

Answer:

Interest = 10,500 * 6/100 * 3 = 1,890 Rs

Amount = 10,500 + 1,890 = 12,390 Rs

Answer 2

Step-by-step explanation:

A = P(1+0.065)^3

=10 000 (1.065)^3

=R12 079.49...

12 079.49-10 000= R2 079.50 interest earned