Question

find simple interest and amount on rupees 6360 for 6 years and 3 months at at 8% per annum

Answer 1

Given principle (P) = Rs 6360
time(T) = 6 years 3 months = 6+ 3/12 = 25/4 years
Rate of interest (R) = 8%
S.I = P*T*R/100
S.I = (6360*25*8) / 100*4
S.I = Rs 3180

Amount = principle + simple interest = 6360 + 3180 = Rs 9540

Answer 2

Given principle (P) = Rs 6360

time(T) = 6 years 3 months = 6+ 3/12 = 25/4 years

Rate of interest (R) = 8%

S.I = P*T*R/100

S.I = (6360*25*8) / 100*4

S.I = Rs 3180

Amount = principle + simple interest = 6360 + 3180 = Rs 9540