Question

Calculate the amount of Nu. 700 for 6 months at 6% p.a.

Answer 1

Correct Question :-

• Calculate the amount of Rs,700 for 6 months at 6% p.a.

Given :-

• Principal = Rs,700
• Rate = 6%
• Time = 6 months

To Find :-

• Amount.

Solution :-

${:} \longrightarrow\sf{\sf{Simple\: Interest \: = \: \dfrac{Principal \: \times \: Rate \: \times \: Time}{100}}}$

${:}\longrightarrow\sf{\sf{Simple\: Interest \: = \: \dfrac{700 \: \times \: 6 \: \times \: 6}{100}}}$

${:}\longrightarrow\sf{\sf{Simple\: Interest \: = \: \dfrac{7\cancel{00} \: \times \: 6 \: \times \: 6}{1\cancel{00}}}}$

${:} \longrightarrow\sf{\sf{Simple\: Interest \: = \: 7\: \times \: 6 \: \times \: 6}}$

${:} \longrightarrow\sf{\sf{Simple\: Interest \: = \: 42 \: \times \: 6}}$

$\longrightarrow\sf{\bf{Simple\: Interest \: = \: Rs,252}}$

________________

⮕ Amount = Principal + Simple Interest

⮕ Amount = 700 + 252

⮕ Amount = Rs,952

________________

Therefore, Amount is Rs,952

________________