Exercise
1. Find the simple interest and amount on:
a) *6000 at 6% rate of interest for 1 year.
c) 12,000 at 6.5% rate of interest for 4 months.
Answers
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Answer:
a)SI=6000×6×1÷100
=360
amount = 6000+360=6360
b)SI =12000×6.5×4÷12÷100
=120×6.5×1÷2
=390
amount =12000+390
=12390
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