Principal = 6,000, rate of interest = 10% p.a., time = 3 years please solve

Jakeline asked Oct 12, 2023

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45 votes

Principal = 6,000, rate of interest = 10% p.a., time = 3 years
please solve

Jakeline asked Oct 12, 2023

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17 votes

Answer:

$7800

Explanation:

1 year = 10%

3 years = 30%

30% = 0.3

6000 times 0.3 = $1800

6000 + 1800 = $7800

So, they will pay $7800

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