Find the amount received on ₹6000 for 2 years at the rate of 11% p.a.
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Answer:
Rs 7320
Step-by-step explanation:
Principal=Rs 6000
Time=2 yrs
Rate of interest=11% p.a.
Therefore..
SI = PRT/100
= (6000×11×2)/100
= 6000/100 ×11×2
= 60×11×2
= Rs 1320
Amount=P+SI
=Rs(6000+1320)
=Rs 7320
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