Question

Rs 6360 for 6 years 3 months at 8% per annum

Answer 1

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Given,

Principal ( P ) = Rs 6360

$Time \: ( \: T \: ) = 6 \: years \: 3 \: months \\ \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: = 6 \frac{3}{12} \: \: years \\ \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: = \frac{25}{4} \: \: years$

Rate ( R ) = 8% p. a.

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$SI = \frac{P \times R\times T}{100} \\ \\ \: \: \: \: \: \: = \frac{6360 \times 8 \times 25}{100 \times 4} \\ \\ \: \: \: \: \: \:= Rs \: \: 3180$

$A = P + SI \\ \\ \: \: \: \: = Rs \: \: (6360 + 3180) \\ \\ \: \: \: \: = Rs \: \: 9540$