Question

principal₹ 5000 rate 6% time 3 years​

Answer 1

Answer:

Principal, P = ₹ 5,000

Rate of interest, R = ₹ 6 % p.a.

Time, T = 3 years

Unless mentioned we have to calculate the amount and interest while in simple interest.

Simple Interest, SI = (P * R * T) / 100

SI = (5000 * 6 * 3) / 100

SI = 90000 / 100

SI = 900

Simple Interest = ₹ 900

Now we know,

Amount, A = Principal + Simple Interest

A = P + SI

A = ₹ 5,000 + ₹ 900

A = ₹ 5,900

Amount = ₹ 5,900

Answer 2

Answer:

I=PRT/100

I=5000×6×3/100

I=900