1346sathyaaru05 1346sathyaaru05
  • 08-09-2021
  • Mathematics
contestada

Farhad deposits Rs 6000 in a bank at the rate of 6 % per annum for 3 years at simple interest. Find the amount he will get back at the end of this period.

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okpalawalter8
okpalawalter8 okpalawalter8
  • 13-09-2021

We have that the amount he will get back at the end of this period is

x=1080

From the question we are told that

Rs 6000

r=6\%

time t=3yrs

Generally

A=P(1+rt)

A=P(1+rt)A=7080

Therefore

The amount he will get back at the end of this period is

7080-6000

7080-6000x=1080

In conclusion

The amount he will get back at the end of this period is

x=1080

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