10,000 is borrowed at 6.5% rate of interest p.a. find the interest and the amount to be paid at the end of 3 years
Answers
Answered by
4
Step-by-step explanation:
interest=
100
p∗r∗t
p = principal amount , r = rate , t = time
interest=
100
6050∗6.5∗3
interest = RS. 1179.75
total amount = interest+ principal amount
= 6050+1179.75 = Rs 7229.75
final answer is = Rs 7229.75
Answered by
2
Answer:
interest=principal×time×rate/100 ₹
=10,000×3×6.5/100 ₹
=1950 ₹
amount to be paid at the end of 3 years
Rs (10,000+1950)
Rs 11,950
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