ICSE Class 6 Answered
Richard deposits $ 5400 and got back an amount of $ 6000 after a year. Find the simple interest he got.
Asked by Topperlearning User | 23 Sep, 2016, 12:33: PM
Expert Answer
Principal (P) = $ 5400,
Amount (A) = $ 6000
Simple Interest (SI) = Amount (A) – Principal (P)
= 6000 - 5400
= 600
Therefore, Richard got an interest of $ 600.
Answered by | 23 Sep, 2016, 02:33: PM
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