Question

the sum of money becomes 30 000 rupees in 4 years at a rate of 8% per annum simple interest what will it amount to in 5 years at a rate of 7% per annum.​

Answer 1

Answer:

₹6,000

Step-by-step explanation:

The principal amount is Rs 10,000, the rate of interest is 10% and the number of years is six. You can calculate the simple interest as:

A = 10,000 (1+0.1*6) = Rs 16,000.

Interest = A – P = 16000 – 10000 = Rs 6,000