Question

Principal = $2,600,Time = 6 months. Rate of interest = 5%, find Simple Interest and Amount.
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Answer 1

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a) $ 2,600 for 6 months at 5% per annum. Find the amount also.

Solution:

P = $ 2,600

R = 5% p.a.

T = 6 months = 6/12 years

S.I = (P × R × T)/100 = (2600 × 5 × 1)/(100 × 2) = $ 65

Therefore, A = P + I = $( 2600 + 65) = $ 2665

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Answer 2

Step-by-step explanation:

here, principal = $2,600

time= 6 months

rate = 5 ℅

we know that

SI = Principal * time taken * rate \ 100

Simple interest = 2600*6*5\100

Simple interest = rupees 780

now we have to find amount

so ,

Amount = Si + principal

Amount = 780 + 2600

Amount= rupees 3380

Answer

Si= $ 780

Amount = $ 3380