Question

Soni borrowed 6000 from a money lender at 4% per year for 4 yea
What was the amount paid by her at the end of 4 years?
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Answer 1

Answer:

S. I = P*R*T/100

=6000*4*4/100

=960

Amount=P+S.I

=6000+960

=6960

Amount paid by Soni at the end of 4 years= ₹6960

Answer 2

Step-by-step explanation:

$p=6000$

$r=4%$

$t=4$

the formula for simple interest is

$si=\dfrac{p\times r\times t}{100}$

so it will be

$si =\dfrac{6000 \times 4 \times 4}{100}$=96

amount formula

$amount=p+si$

$amount \ will \ be = 6000+96$

6096 is your answer