Question

Rs 1500 is lent out 6% per annum simple interest for 4 years . Find amount after 4 years . 




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Answer 1

Answer:

Principal = Rs. 1500

Time Period = 4 years

Rate of Interest = 6%

Therefore, SI = PTR/100

                      = 1500 x 4 x 6 / 100

                      = Rs. 360

Amount = SI + Principal = Rs. 360 + Rs. 1500

                                       = Rs. 1860

ANS = The amount paid bcak at the end of 4 years on 6% pa is Rs. 1860

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Answer 2

Answer:

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