find the simple interest and the amount when a) Price = Rs. 6400,Rate=6% p.a. and time = 5 years
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Answer:
P=Rs 6400,R=6%p.a,T=2 years
∴SI=
100
PRT
=
100
6400×6×2
=Rs768
∴ Amount=P+SI=Rs 7168
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