Question

Jack invested rs.8000 at the rate if 5% per annum. Find the Amount he got after 6 years 3 months.​

Answer 1

Given :

Principle (P) = 8000

Rate (R) = 5%

Time (T) = 6 years 3 months

= 6 + 3/12 years

= 6¼ years

= 25/4 years

Simple interest (S.I.) = (P×R×T)/100

= (8000×5×25)/(4×100)

= 2500

Amount = S.I. + P

= 2500 + 8000

= 10,500 Answer