Question

find the simple interest for $6000 at 9% for 2 years
comparing quantities std 7 ​

Answer 1

Simple interest = P×N×R

°°°°°°°°°°°

100

P = Principal = 6000

N = Number of years = 2

R = Rate = 9%

Simple interest = 6000×2×9

°°°°°°°°°°°°°°°

100

= 60×2×9

= 1080

Simple interest = 1080$

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