The simple interest on a sum of money is 600 after 10 years
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1
Answer:
p×r×t/100
600×1×10/100
60 answer
Answered by
1
Answer:
Explanation:
Let the original rate be R percent per year, the principal amount be P, time T
Given is SI = 600 = P * R * 10 / 100
Hence P*R = 6000
SI for first five years will be 300 at the end of first 5 years.
When P is trebled for next five years, the SI for those five years will be = 3P * R * 5 / 100 = [ 15* P * R ] /100 = [ 15 * 6000 ] / 100 = 900
Hence the total interest will be 300 + 900 = 1200
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