Question

Principal = 5,000 Rate of Interest (p.c.p.a) 6% Time = 7 years Interest = ______ Amount = ______

Answer 1

S. I = Prt/100

5000×6×7=210000

210000/100= 2100

2100 is the simple interest

amount =principal+intrest

that's why,

amount=5000+2100

=7100