find the simple interest on 6880 at 7.5% per annum for 8 months, also find the amount
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Answered by
5
Simple interest =PRT/100
=6880×75×8/1000
$4128
Amount= Principal + Interest
A=$6880+$4128
=$11008
Hope it helped
=6880×75×8/1000
$4128
Amount= Principal + Interest
A=$6880+$4128
=$11008
Hope it helped
Answered by
3
Answer:
Interest = Rs 344
Amount = Rs 7224
Step-by-step explanation:
Interest = Principal × Rate of interest × Time
Principal = Rs 6880
Rate of interest = 7.5% = 15/2% = 15/2 × 1/100
Time = 8 months = 8/12 year
Interest = 6880 × 15/2 × 1/100 × 8/12
= Rs 344
So, the amount has to pay back = 6880 + 344 = Rs 7224
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