Your car averages 380 miles on a 14-gallon tank of gas. You run out of gas on a deserted highway, but have One-half gallon of la
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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.