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Richard deposits $ 5400 and got back an amount of $ 6000 after a year. Find the simple interest he got.

Asked by Topperlearning User 23rd September 2016, 12:33 PM
Answered by 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 Expert 23rd September 2016, 2:33 PM
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