Question

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

Answer 1

Answer:

₹3360

Step-by-step explanation:

principal-7000

time-6 year

Rate of interest-8%

P×T×Rate of interest

___________________

100

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Answer 2

Principal =7000,

Rate=8%,

N=6 year

A=p(1+r/100) n

A=7000 (1+8/100) 6

A=7000 ×(1.08)6

A= 7000 × 6.48

Amount =45,360 is the correct answer