What is the sum of amount which gives Rs. 6300 as
interest @ 7% per annum of simple interest in 7 and half years?
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Answer:
Interest = 3307.5
Amount = 9607.5
Step-by-step explanation:
given,
P=₹6300
R=7% per annum
Time=7 years
I= P x T x R
100
I= 6300 x 7 x 7.5
100 x
I= 63 x 7 x 7.5
I=3307.5
Amount = P + I
Amount = 6300+3307.5
=9607.5
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