Question

find the amount when principal is 7000 time is 6 years and rate is 8% per annum​

Answer 1

Step-by-step explanation:

principle (P) = 7000/-

Time (T)= 6 years

Rate (R) = 8%

Amount = P+PTR/100

= (7000×6×8/100)+7000

= (70×6×8)+7000

= 3360+7000

= 10,360

Amount is 10,000/-

Answer 2

Answer:

Formula of Amount (A = P(1 + rt))

Step-by-step explanation:

Principal- 7000

Time- 6 years

Rate- 8%

A = 7000( 1 + 8 x 6 )

A = 7000 (49)

A =  Rs.343,000