Question

freya deposited ₹40600 in a bank at 7% rate of interest per annum for a period of 6 years.Calculate the interest and the amount Freya got after 6 years​

Answer 1

$\bf {\red {The \: amount \: Freya \: got \: after \: 6 \: years \: is \: Rs \: 57652}}$

Step-by-step explanation:

${ \underline { \boxed { \pink {According \: To \: The \: Question}}}}$

The rate of interest is 7% per annum for the period of 6 years at the principal of ₹40600 and we have to find the amount Freya got after 6 years.

So,

To find the amount we have to find the internet.

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GIVEN

Principal = ₹40600

Rate = 7%

Time = 6 hours

___________________________

TO FIND

The amount Freya got after 6 years

___________________________

We know that,

$Interest = \dfrac{ Principal \times Rate \times Time}{100}$

$Interest = \dfrac{ 40600 \times 7 \times 6}{100}$

$Interest = \dfrac{1705200}{100}$

$Interest = 17052$

$\bf {\red {Interest = Rs \: 17052}}$

___________________________

We know that,

Amount = Principal + Interest

Amount = 40600 + 17052

Amount = 57652

$\bf {\red { Amount = Rs \: 57652 }}$

$\bf {\red {The \: amount \: Freya \: got \: after \: 6 \: years \: is \: Rs \: 57652}}$

Answer 2

GiveN :-

• Principal = ₹40600

• Rate = 7 %

• Time = 6 years

To FinD :-

• Simple interest and Amount after 6 years

SolutioN :-

$\longrightarrow \boxed{\bf \blue{S.I = \frac{P \times R \times T}{100}}} \\ \\\longrightarrow \sf S.I = \frac{40600 \times 7 \times 6}{100} \\ \\\longrightarrow \sf S.I =406 \times 7 \times 6 \\ \\\longrightarrow \sf S.I =17052$

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Amount Freya got after 6 years

$\longrightarrow \boxed{\bf \green{ Amount = Principal + Interest}}$

$\longrightarrow \sf Amount =40600 + 17052 \\ \\\longrightarrow \sf Amount =57652$