Question

Santa brought rupees 6000 from the State Bank of India for 3 years 8 months at 12% per annum what amount will clear of for Dept ​

Answer 1

Answer:

Step-by-step explanation:

Given principal = 6000 Rs

Time = 3 years 8 month = 311​ years.

Rate = 12% per annum

We know simple interest = 100PRT​

SI=1006000×12​×311​

SI=24×11=2640

SI=2640Rs

Now amount = principal + SI

= 6000+2640

[ amount = 8640 Rs]

∴ 8640 Rs is that amount which will clear off her debt.