Find the amount when principal is 7000, time is 6 years and rate is 8% per annum
Answers
Answered by
0
Answer:
A = 10360
Step-by-step explanation:
A = P + I
I = P*R*T/100
= 7000*6*8/100
=336000/100
= 3360 is the Interest
A = P + I
= 7000+3360
= 10360
Answered by
0
Answer:
Step-by-step explanation:
step 1- p = 7000
r = 8%
t = 6 years
use formula of simple interest
interest = (p x r x t)/100
interest = (7000x8x6)/100
= 3920
Net amount - 7000+3920
= 10920
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