%7D%20" id="TexFormula1" title=" \frac{3}{4} {x}^{2}y - \frac{8}{9}x {y}^{2} " alt=" \frac{3}{4} {x}^{2}y - \frac{8}{9}x {y}^{2} " align="absmiddle" class="latex-formula">
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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.