Find the amount when principal is 7000, time is 6 years and rate is 8% per annum.
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Answers
Answered by
1
Answer:
A = P (1+r/100 )n
A = 7000 (1+8/100)6
A = 7000 (1+2/25) 6
A 7000×27/25 ×27/25×27/25×27/25×27/25×27/25
A = 11108.138
Answered by
1
Answer:
₹ 10,360
Explanation:
Principal= ₹ 7000
Rate= 8% per annum
Time= 6 years
SI = P×R×T/100
= ₹(7000×8×6/ 100)
= ₹ 3,360
Amount = Principal + Simple Interest
= ₹ 7000+ ₹ 3360
= ₹ 10, 360
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