Question

Find the simple interest on Rs 1050 at 7 % p.a. for 4 years.​

Answer 1

Answer:

1344

Step-by-step explanation:

I= A-P=294

A= P(1+rt)

convert R percent to r decimal

r=R/100= 7%/100=0.07 per year

Solving our equation:

A= 1050[1+(0.07×4)]=1344

A= 1344