Find the simple interest on Rs. 72,000 at 6%
per annum for five years and four months.
Find the amount also.
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Step-by-step explanation:
converting 5 yrs and 4 months into year
we get
time = 16/3yrs
interest = 72000 × 6 × 16 / 3×100
interest = 23040
amount = principal + interest
amount = 72000+23040
amount = 95040
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