We know, I = P R T /100
Here, P = 10,000
R = 6%
T = 5
Substitute their values into the expression,
I = 10000 6 5 /100
I = 300000 / 100
I = 300
Final Amount = Initial Amount + Interest Amount
Final Amount = 10,000 + 300 = 10,300
So, your final answer is $10,300
Hope this helps!
