## Find the simple interest and amount when principal = Rs. 6000, rate = 6% per annum and time = 4 years

Question

Find the simple interest and amount when principal = Rs. 6000, rate = 6% per annum and time = 4 years

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Mathematics
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2021-07-23T00:04:29+00:00
2021-07-23T00:04:29+00:00 1 Answers
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## Answers ( )

Given:Principal = Rs. 6000

Rate of simple interest = 6% per annum.

Time = 4 years

To find:The simple interest and amount.

Solution:Formula for simple interest:

Where, P is principal, r is the rate of interest and t is the number of years.

Putting P=6000, r=6 and t=4, we get

Now,

Therefore, the simple interest is Rs. 7440 and the amount is Rs 7440.