Question

Find the simple interest on Rs. 6000 at 5
¼% per annum for 2 years.​

Answer 1

Answer:

Step-by-step explanation:

A=P(1+  

100

R

​  

)  

T

 

⇒A=6000(1+  

100

9

​  

)  

2

 

=6000×(  

100

109

​  

)  

2

 

= 7128.6 /-

⇒ Compound interest = A-P.

= 7128.6 - 6000

= 1128.6/-