BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Find the S.I. and the total amount for a principal of Rs. 3300 for 6 years at 31/2 % rate of interest.
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693, 3993
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694, 3995
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664, 3998
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658, 3965
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Explanation:
Detailed explanation-1: -Let’s understand the workings of the simple interest calculator with an example. The principal amount is Rs 10, 000, the rate of interest is 10% and the number of years is six. You can calculate the simple interest as: A = 10, 000 (1+0.1*6) = Rs 16, 000.
Detailed explanation-2: -Hence, the rate of interest is 6%.
There is 1 question to complete.