## Find the amount when principal is29200, rate 6%, Time 4 year 3 months.​

Question

Find the amount when principal is
29200, rate 6%, Time 4 year 3 months.​

in progress 0
11 months 2021-06-30T15:55:20+00:00 2 Answers 0 views 0

Given:

Principal = Rs. 29200

Rate = 6 %

Time = 4 years 3 months = 4.25 years

What To Find:

We have to –

Find the amount.

Formulas Needed:

The formulas are –

\bf \leadsto \: SI = \dfrac{PRT}{100}⇝SI=

100

PRT

\bf \leadsto \: A = P + SI⇝A=P+SI

Abbreviations Used:

SI = Simple Interest

A = Amount

P = Principal

R = Rate

T = Time

Solution:

Find the SI.

Use the formula,

\sf \leadsto \: SI = \dfrac{PRT}{100}⇝SI=

100

PRT

Substitute the values,

\sf \leadsto \: SI = \dfrac{29200 \times 6 \times 4.25}{100}⇝SI=

100

29200×6×4.25

Cancel the zeros,

\sf \leadsto \: SI = 292 \times 6 \times 4.25⇝SI=292×6×4.25

Multiply the values,

\sf \leadsto \: SI = Rs. \: 7446⇝SI=Rs.7446

Find the A.

Use the formula,

\sf \leadsto \: A = P + SI⇝A=P+SI

Substitute the values,

\sf \leadsto \: A = 29200 + 7446⇝A=29200+7446