Maths-
General
Easy

Question

Find the amount of Rs. 6000 lent from 18 th January 2006 to 12 th June 2006 at 9% per annum?

Hint:

Find the total amount using the total amount formula.

The correct answer is: 6214.5 Rupees


    Complete step by step solution:
    We calculate simple interest by the formula, S I equals fraction numerator P T R over denominator 100 end fraction
    where P is Principal amount, T is number of years and R is rate of interest
    Here we have P equals 6000 comma R equals 9 straight percent sign .
    Here, T is from 18th January to 12 th June that is 145 days which is 0.39726 years
    On substitution, we get S I equals fraction numerator 6000 cross times 0.39726 cross times 9 over denominator 100 end fraction equals 214.5

    Formula for total amount = A = P + SI,
    where A is the total amount, P is the principal amount and SI is simple interest .
    We have P equals 6000 text  and  end text S I equals 214.5 text .  end text
    On substitution, we get A = 6000 + 214.5 = Rs 6214.5
    Hence  6214.5 Rupees was the total amount.

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