Question

Find the simple interest of Rs 6000 for eight months at the rate of 5%
per annum.

Answer 1

Step-by-step explanation:

Simple interest ;

I=

100

PTR

=

100

6000×3×8

=1440.

Interest at the end of 3years=1440.

Compound Interest :

A=p(1+

100

r

)

n

=6000[1+

100

8

]

3

=7558.272

Interest =7558.272−6000=1558.3

Gain =15558.3−1440=118.3Rs.

Answer 2

Answer:

p×r×t/100

6000×5×8/100

60×5×8

300×8

2400 is the answer...