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Evgen [1.6K]
2 years ago
12

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.
Mathematics
1 answer:
Elan Coil [88]2 years ago
8 0

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=7080

Therefore

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

7080-6000

x=1080

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