[tex]\LARGE{\sf{\underline{\underline{Solution:-}}}}[/tex]
Given
Principal = Rs 700
Time = 6 months = 6/12 years = 1/2 years
Rate = 6 % p.a.
To Find
Amount
Formula
Amount = Principal + Simple Interest
So let us firstly find the Simple Interest,
S.I. = (P × R × T)/100
= (700 × 6 × 1)/ 100 × 2
= 7 × 3
= Rs 21
Hence;
Amount = 700 + 21
= 721 Ans.
