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

Question

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

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

Answers ( )

    0
    2021-06-30T15:56:58+00:00

    Answer:

    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

    Add the values,

    \sf \leadsto \: A = Rs. \: 36646⇝A=Rs.36646

    Final Answer:

    ∴ Thus, the amount is Rs. 36646.

    0
    2021-06-30T15:57:08+00:00

    Answer:

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