Question

find the simple interest on 6000 at 7 % p.a for 3 years 6 months.also find the amount

this is maths compund and simple Interest
pls ans this question​

Answer 1

Answer:

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Answer 2

Answer:

Based on simple interest Amount = 7,470 Rupees

Based on compound interest A = 7,620 rupees

Step-by-step explanation:

Principal (P)= 6000 rupees

rate of interest (R) = at 7 % p.a

time (t) = 3 years 6 months = 3.5 years  

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Based on simple interest

Simple interest = (p*r*t)/100 = (6000 x 7 x 3.5) / 100 = 1,470 rupees

Amount = P + I = 6000 + 1470 = 7,470 Rupees

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Based on compound interest

$A = P(1 + r/n)^{n*t}$

$A = P(1 + 0.07/1)^{3.5}$

$A = 6000 *(1.07)^{3.5}$

A = 6000 x 1.27 = 7,620 rupees

Note: used scientific calculator to find $1.07^{3.5}$